The board of directors of Hong Kong Shanghai Alliance Holdings Limited announced that Ms. Luk Pui Yin Grace has resigned as an executive director, the chief financial officer and an authorised representative on The Stock Exchange of Hong Kong Limited (the "Stock Exchange")) of the company with effect from 13 December 2018 due to her personal commitment on other businesses and consequently ceased to be a member of the executive committee of the company on the same day. Ms. Luk confirmed that she has no disagreement with the Board and that she is not aware of any matters in relation to her resignation that needs to be brought to the attention of the shareholders of the company. The Board hereby announces that, Ms. Lam Yee Fan ("Ms. Lam") has resigned as the company secretary and an authorised representative of the company with effect from 1 January 2019.

Ms. Lam confirmed that she has no disagreement with the Board and that she is not aware of any matters in relation to her resignation that needs to be brought to the attention of the shareholders of the company. Following the resignations of Ms. Luk and Ms. Lam, Mr. Ching Yu Lung ("Mr. Ching") has been appointed as the chief financial officer and Ms. Wong Yuen Sze ("Ms. Wong") has been appointed as the company secretary of the Company with effect from 13 December 2018 and 1 January 2019 respectively. Mr. Ching joined the Company as a financial consultant since November 2018.

He has more than 25 years of experience in auditing, corporate finance and accounting. He obtained a bachelor's degree in business administration from the Chinese University of Hong Kong and an executive master's degree in business administration from Tsinghua University in 1992 and 2006, respectively. Mr. Ching is a fellow member of Hong Kong Institute of Certified Public Accountants and Association of Chartered Certified Accountants and a member of the American Institute of Certified Public Accountants.

Mr. Ching also acts as an independent non-executive director of various companies listed on the Main Board of the Stock Exchange. Ms. Wong joined the company since July 2014 and she currently is the assistant company secretarial manager of the Company. She has over 10 years of experience in company secretarial practices and corporate governance.

Ms. Wong is an associate member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators. The Board also announces that, Mr. Yao Cho Fai Andrew and Ms. Wong Yuen Sze have been appointed as the authorised representatives of the company in place of Ms. Luk Pui Yin Grace and Ms. Lam Yee Fan with effect from 13 December 2018 and 1 January 2019 respectively.