The board of Directors of HKT Trust and HKT Limited and the board of Directors of the Trustee-Manager announced that Sir Rogerio (Roger) Hyndman Lobo, an Independent Non-Executive Director of the Company and the Trustee-Manager, retired from the Company Board and the Trustee-Manager Board with effect from the conclusion of the AGM held on May 8, 2014. Following his retirement, Sir Roger ceased to be the Chairman of the Company's Nomination Committee and Regulatory Compliance Committee, a member of the Company's Audit Committee and Remuneration Committee, and the Trustee-Manager's Audit Committee. The Company Board and the Trustee-Manager Board announced that Mr. Aman Mehta has been appointed as an Independent Non-Executive Director of the Company and the Trustee-Manager and as the Chairman of the Company's Nomination Committee with effect from the conclusion of the AGM held on May 8, 2014.

In addition, Professor Chang Hsin Kang has been appointed as the Chairman of the Company's Regulatory Compliance Committee and Mr. Sunil Varma has been appointed as a member of the Company's Remuneration Committee and Regulatory Compliance Committee with effect from the conclusion of the AGM held on May 8, 2014. Both Professor Chang Hsin Kang and Mr. Sunil Varma are currently Independent Non-Executive Directors of the Company and the Trustee-Manager. Mr. Mehta, aged 67, has been an Independent Non-Executive Director of PCCW Limited, the controlling holder of Share Stapled Units of the HKT Trust and the Company, since February 2004.

He is also Chairman of the Audit Committee, the Nomination Committee and the Remuneration Committee of the board of directors of PCCW.