According to Zhitong Finance App, TST PROPERTIES (00247) announced that after joining the board of directors for more than 21 years, Mr. Li Minqiao (Mr. Li) retired as an independent non-executive director of the Company at the Company's Annual General Meeting (AGM) held on October 27, 2026 in accordance with the rotating retirement arrangement, and was no longer re-elected. His retirement took effect at the end of the AGM. After his retirement, Mr. Lee also ceased to serve as the chairman of the Company's Audit Committee and Remuneration Committee, as well as a member of the Nomination Committee.

The Board is pleased to announce that Hon Lau Yip Keung (Mr Lau) has been appointed as the Company's independent non-executive director, chairman of the Audit Committee and Remuneration Committee, and a member of the Nomination Committee to replace Mr. Lee with effect from October 27, 2026. Mr Lau was also appointed as an independent non-executive director of Sino Properties Limited and Sino Hotels (Group) Limited. The effective date is October 27, 2026.

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