The board of ITC Properties Group Limited announced that Mr. WONG Chi Keung, Alvin has retired as an independent non-executive director of the company and ceased to be the chairman and a member of each of the audit committee and the remuneration committee and a member of the nomination committee of the company at the conclusion of the annual general meeting of the company held on August 14, 2015; and Mr. CHAN Pak Cheong Afonso has been appointed as an independent nonexecutive director of the company, the chairman and a member of each of the audit committee and the remuneration committee and a member of the nomination committee of the company with effect from August 14, 2015.