The board of directors of Midland Holdings Limited announced that Ms. IP, currently an Executive Director of the company, will be re-designated as a Non-Executive Director of the Company with effect from 28 November 2015. Ms. IP will also step down as a member of the Nomination Committee and the Remuneration Committee of the company with effect from 28 November 2015 as she takes up the post of Non-Executive Director of the company. Ms. IP has been an Executive Director of the Company since October 2008 before her re-designation as a Non-Executive Director of the Company.

Ms. IP has been serving the Group since 1983. She currently also holds directorships in various members of the Group but will resign from such directorships and will cease to hold other positions in the Group. Prior to her re-designation as a Non-Executive Director of the Company, Ms. IP is responsible for overall corporate affairs, management and administration function and training of the Group.

She has extensive experience in property administration, real estate agency and human resources administration and management. Ms. IP was an Executive Director of the Company from June 1995 to September 2004 and was an executive director of Midland IC&I Limited, the company's listed subsidiary, from April 2007 to October 2008. The Board has also resolved that with effect from 28 November 2015, Ms. WONG Ching Yi, Angela, the Deputy Chairman, Managing Director and Executive Director of the Company, will be appointed as a member of the Nomination Committee and the Remuneration committee of the company.

With effect from 28 November 2015, Ms. IP's roles as an authorised representative of the company for the purposes of Rule 3.05 of the Listing Rules and accepting on behalf of the company service of process or notice required to be served on the company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) will be succeeded by Ms. MUI Ngar May, Joel and Mr. SZE Ka Ming respectively.