The board of directors of Allied Properties (H.K.) Limited announced that Mr. Li Chi Kong will, with effect from 1st July, 2018, retire from his positions as Executive Director and member of the Executive Committee and be re-designated as a Non-Executive Director of APL. Mr. Li, was appointed the Financial Controller and an Executive Director of APL in August 1997 and October 1999 respectively, and is also director of certain subsidiaries of APL. He is a member of the Institute of Chartered Accountants of Scotland and a fellow of the Hong Kong Institute of Certified Public Accountants. He has extensive experience in finance and accounting. Prior to joining APL group, Mr. Li worked for two major audit firms and acted as the group financial controller for several listed companies in Hong Kong. Save as disclosed above, Mr. Li did not hold any other directorship in listed public companies in Hong Kong or overseas during the past three years.