CAI Corp — Board/Management Information 2015

Jul 31, 2015

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HARBOUR CENTRE DEVELOPMENT LIMITED

( Incorporated in Hong Kong with limited liability ) Stock Code: 51

CHANGE IN DIRECTORATE

Harbour Centre Development Limited (the “ Company ”) announces that Mr. TSUI, Yiu Cheung (“ Mr. Tsui ”) has tendered his resignation as a Director of the Company and Mr. HUI, Chung Ying Kevin (“ Mr. Hui ”) has been appointed as a Director of the Company, both with effect from 1 August 2015.

Mr. Tsui has been a Director since 2009 and is resigning to reduce the number of listed company boards on which he serves. The Company wishes to express its appreciation for Mr. Tsui’s valuable contributions during his tenure of office. Mr. Tsui has confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of the shareholders of the Company in respect of his resignation.

Mr. Hui, aged 58, has been the Company Secretary of the Company since July 2014. An accountant by profession since 1986, Mr. Hui is presently a fellow of the Association of Chartered Certified Accountants, an associate of the Hong Kong Institute of Certified Public Accountants and a council member of The Taxation Institute of Hong Kong. He joined Wheelock and Company Limited (“Wheelock”), the ultimate holding company of the Company, in 1986 and has worked for Wheelock group and subsequently for The Wharf (Holdings) Limited (“Wharf”) group, of which the Company is a subsidiary, gaining extensive experience in financial management and reporting control, auditing, taxation and corporate governance. He is currently the Group Financial Controller of Wharf group and a director of Wharf Limited and Modern Terminals Limited, both being fellow subsidiaries of the Company. Mr. Hui is also the Company Secretary of Wharf, i-CABLE Communications Limited, a fellow subsidiary of the Company, and Joyce Boutique Holdings Limited. Following the above appointment, Mr. Hui will serve the Company as Director and Company Secretary.

Mr. Hui does not presently, and did not in the past three years, hold any directorship in any other listed public company. Save as disclosed above, he does not have any relationship with any directors, senior management or any substantial or controlling shareholders of the Company. He does not have any interest (within the meaning of Part XV of the Securities and Futures Ordinance) in any securities of the Company. Mr. Hui will receive from the Company a director’s fee at the rate approved by shareholders of the Company from time to time, such rate presently being HK$50,000 per annum, which is in line with that payable to

Harbour Centre Development Limited - Announcement (31 July 2015)

various other Directors, including Independent Non-executive Directors. Upon his appointment becoming effective, no service contract would exist between Mr. Hui and the Company and/or its subsidiaries (the “ Group ”), and therefore no emolument will be payable to him by the Group apart from the abovementioned fee. To the best knowledge of the Directors, in relation to the appointment of Mr. Hui, there is no information which is discloseable nor has he ever been involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter requiring to be brought to the attention of the shareholders of the Company. In accordance with the provisions of the Company’s articles of association, Mr. Hui will hold office until he retires from the Board at the Annual General Meeting of the Company to be held in or about May 2016.

After the abovementioned change, the Board comprises Mr. Stephen T. H. Ng, Hon. Frankie C. M. Yick and Mr. Kevin C. Y. Hui, together with five Independent Non-executive Directors, namely, Dr. Joseph M. K. Chow, Mr. H. M. V. de Lacy Staunton, Hon. Andrew K. Y. Leung, Mr. Michael T. P. Sze and Mr. Brian S. K. Tang.

By order of the Board HARBOUR CENTRE DEVELOPMENT LIMITED Kevin C. Y. Hui Company Secretary

Hong Kong, 31 July 2015

Harbour Centre Development Limited - Announcement (31 July 2015)