MTR Corporation Limited at its annual general meeting held on 27 May 2026, Dr. Carlson Tong retired as an INED of the Company immediately after the conclusion of the 2026 AGM. Upon his retirement, Dr. Tong ceased to be the chairman of the Nominations Committee and a member of the Audit & Risk Committee of the Company. Dr. Tong has confirmed that he has no disagreement with the Board and that there is no matter relating to his retirement that needs to be brought to the attention of the holders of securities of the Company pursuant to Rule 13.51(2) of the Listing Rules.

The Company announced that Ms. Mary Huen Wai-yi and Mr. Michael Wong Yick-kam were elected as new members of the Board at the 2026 AGM and have become INEDs of the Company. Ms. Huen (age 58) is currently an executive director and Chief Executive Officer (`CEO'), Hong Kong and Greater China & North Asia (GCNA) at Standard Chartered Bank (Hong Kong) Limited. She was appointed to her current role in August 2024 and has over 30 years of experience in business management and banking services.

Ms. Huen joined Standard Chartered in 1991 and has held key senior management positions across balance sheet product management, wealth management and distribution. She was the Regional Head of Retail Banking, Greater China & North Asia, before being appointed CEO for Hong Kong in March 2017 and taking on an expanded role as Cluster CEO for Hong Kong, Taiwan and Macau in January 2021. Ms. Huen has also been a member of the Group Management Team since 2021.

Ms. Huen has taken on several important roles within Hong Kong's financial sector. She is the rotating Chairperson or Vice-Chairperson of the Hong Kong Association of Banks, Vice President of the Council of the Hong Kong Institute of Bankers, a Council Member of the Hong Kong Treasury Markets Association, as well as a member of the Hong Kong Monetary Authority's Banking Advisory Committee. Ms Huen actively engages with Hong Kong's broader business community through various leadership roles, including being a representative of Hong Kong, China to the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council, a member of each of the HKTDC Belt and Road & Greater Bay Area Committee, the Advisory Committee on Development of International Aviation Superhub (formerly known as Aviation Development and Three-runway System Advisory Committee), the Human Resources Planning Commission, the Advisory Committee on Corruption of the Independent Commission Against Corruption, a Council Member of The University of Hong Kong and a Council Member of the Hong Kong Management Association.

Ms Huen was formerly chairperson of Mox Bank Limited and Standard Chartered Bank (Taiwan) Limited. She was a member of each of the Hong Kong Trade Development Council, Hong Kong Monetary Authority's Currency Board Sub-Committee of its Exchange Fund Advisory Committee, Anti-Money Laundering and Counter-Terrorist Financing Review Tribunal and Women's Commission. She was also previously a board member of the Hospital Authority, The Community Chest of Hong Kong and the Hong Kong Tourism Board.

Ms Huen holds a Bachelor of Arts degree in English from The University of Hong Kong. Ms Huen was a director of Standard Chartered Investment Services Limited (`SCIS') during the periods from 1 March 2005 to 21 April 2008 and 1 January 2009 to 3 October 2014 respectively. SCIS is a former subsidiary of Standard Chartered Bank (Hong Kong) Limited and was acquired by Manulife Asset Management and renamed as MIS Services Limited on 1 November 2016.

Mr. Wong (age 74) served as an Executive Director of Sun Hung Kai Properties Group prior to his retirement in December 2009, and thereafter as a Non-Executive Director and also Group Principal Advisor until December 2013. He resigned as its Non-Executive Director in November 2015. Mr. Wong has been active in public and community services and has served on a number of Government advisory committees.

Mr. Wong was the Chairman of the Council of Hong Kong Metropolitan University (`HKMU'). He was also the Chairman of the Hong Kong Youth Hostels Association (`Association') and participated in the revitalisation project of Mei Ho House in Shek Kip Mei. Currently, he is a member of the Association's Executive Committee, as well as a member of each of the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority, the Board of Trustees of New Asia College, The Chinese University of Hong Kong (`CUHK'), the Land and Development Advisory Committee and the Estate Agents Authority.

Mr. Wong is also a Non-Executive Director of the SFC. Mr. Wong is a fellow member of The Hong Kong Institute of Directors and was elected a Director of the Year by the Institute in 2019. He was awarded an Honorary Fellowship by CUHK in 2017.

Mr. Wong holds a Bachelor of Business Administration degree and a Master of Business Administration degree from CUHK. He was conferred a Doctor of Social Sciences, honoris causa, by HKMU in 2023. Changes in the Composition of Board Committees: The Company further announced the following changes in the composition of the following Board Committees of the Company with effect from the conclusion of the 2026 AGM: Dr. Carlson Tong, who retired as an INED of the Company as abovementioned, has ceased to be the chairman of the Nominations Committee and a member of the Audit & Risk Committee of the Company; Ms. Mary Huen Wai-yi, who has become an INED of the Company as abovementioned, has been appointed by the Board as a member of the Nominations Committee of the Company; Mr. Michael Wong Yick-kam, who has become an INED of the Company as abovementioned, has been appointed by the Board as a member of each of the Audit & Risk Committee and the Finance & Investment Committee of the Company; and Ms. Sandy Wong Hang-yee, an INED and a member of each of the Environmental & Social Responsibility Committee and the Nominations Committee of the Company, has been appointed by the Board as the chairman of the Nominations Committee of the Company.