Regal REIT announced that Mr. Francis Chiu has tendered his resignation as an executive director of the REIT Manager in order to pursue his other career interests. Mr. Chiu's resignation will take effect from 1 August 2014 and, on that date, he will also cease to be a responsible officer and a member of the Disclosure Committee of the REIT Manager and an authorised representative of Regal REIT. Until such date, Mr. Chiu will continue to serve as an executive director, responsible officer, Disclosure Committee member of the REIT Manager and an authorised representative of Regal REIT.

Mr. Johnny Chen Sing Hung has recently been engaged by the REIT Manager as a senior officer in the position entitled "Director - Asset Management" and it is intended that Mr. Chen will be appointed as a responsible officer, an executive director and a member of the Disclosure Committee of the REIT Manager after his satisfying the SFC's requirements and obtaining the SFC's approval to be a responsible officer. Mr. Chen will assume and undertake the management duties and responsibilities presently performed by Mr. Chiu, and will be responsible for, among other things, overseeing and managing the asset management activities of Regal REIT and, jointly with Mr. Simon Lam Man Lim, an executive director of the REIT Manager, for making disclosures and communications of Regal REIT to investors, upon obtaining the SFC's approval to be a responsible officer. Mr. Lam has been appointed to replace Mr. Chiu as an authorised representative of Regal REIT with effect from 1 August 2014.