Lippo China Resources Limited announced that Mr. Kwok Fai Lee will be appointed as an executive director of the Company with effect from 7 June 2024. The biographical details of Mr. Kwok Fai Lee are set out below. Mr. Kwok Fai Lee (alias: Davy), aged 65, is a fellow member of The Chartered Governance Institute and The Hong Kong Chartered Governance Institute.

He will also be appointed as an executive director and the Chief Executive Officer of each of Lippo and HKC with effect from 7 June 2024. Mr. Lee is an authorized representative/alternate to authorized representative (as the case may be) of the Company, Lippo and HKC. In addition, he holds directorships in certain subsidiaries of the Company, Lippo and HKC.

Mr. Lee had not held any directorship in listed public companies for the last three years. Mr. Lee has over 30 years' experience in treasury investments, corporate administration and company secretarial field. Mr. Lee holds a Bachelor of Arts in Chinese Humanities (First Class Honours) from The Open University of Hong Kong (now known as Hong Kong Metropolitan University), a Master of Science in Investment Management from The Hong Kong University of Science and Technology and a Doctor of Business and Administration from The Hong Kong Polytechnic University.

Mr. Lee has served the Lippo group of companies for over 40 years. Mr. Lee is a director of Skyscraper as well as the Secretary of Skyscraper, Lippo, Lippo Capital Limited, Lippo Capital Holdings Company Limited and Lippo Capital Group Limited which have discloseable interests in the Company under the provisions of the SFO. He is also a director and the Secretary of certain subsidiaries of the Company's controlling shareholders.