ITC Properties Group Limited announced that Ms. Lam Sau Fung has been appointed as an executive Director of the company with effect from February 1, 2021. Ms. Lam was a partner of Deloitte Touche Tohmatsu before joining the Group, and has 25 years of experience in audit of multi-national corporations and listed companies and initial public offerings in Hong Kong and overseas. Mr. Ip Hon Wah has been appointed as an independent non-executive Director with effect from February 1, 2021. Also, he has been appointed as a member of each of the audit committee, the Remuneration Committee, the nomination committee and the Corporate Governance Committee of the company all with effect from February 22, 2021. Due to his personal health condition, Mr. Kwok Ka Lap, Alva has tendered his resignation as an independent non-executive Director with effect from February 22, 2021. Mr. Chan Fut Yan ("Mr. Chan") has retired as an executive Director and the Managing Director of the Company, and has been re-designated as a non-executive Director all with effect from 1 February 2021. Mr. Cheung Chi Kit, an executive Director, has been appointed as the Managing Director of the Company and resigned as the Chief Financial Officer of the Company both with effect from 1 February 2021.