The board of directors of Miramar Hotel and Investment Company, Limited announced the following re-designation of directors of the company. Dr. Lee Shau Kee would like to step down from the position of Chairman and member of both of the Remuneration Committee and Nomination Committee; and will be re-designated from Executive Director to Non-executive Director of the Company, with effect from 12 June 2014, being the business date following the forthcoming Annual General Meeting scheduled to be held on 11 June 2014 due to his busy schedule. Mr. Lee Ka Shing, currently the Chief Executive Officer and a member of the Nomination Committee, will be re-designated as the Chairman and Chief Executive Officer and will also be appointed as a member of the Remuneration Committee and the chairman of the Nomination Committee with effect from 12 June 2014, being the business date following the forthcoming Annual General Meeting scheduled to be held on 11 June 2014.