Midland Holdings Limited (Midland Holdings) has named veteran finance executive Mr. Li Wai Keung, aged 69, as an Independent Non-Executive Director (INED) and member of the Audit, Remuneration and Nomination Committees, effective 20 April 2026. The appointment extends for one-and-a-half years, subject to retirement by rotation and re-election at the company’s annual general meeting.

Mr. Li brings more than 47 years of financial management experience. A fellow of both the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants, he holds an MBA from the University of East Asia (now the University of Macau). His public‐company roles currently include directorships at Hans Group Holdings (executive director), Shenzhen Investment, Zhong Ju Investment Group and China South City Holdings.

During Mr. Li’s tenure as an INED of China South City Holdings, the Hong Kong High Court ordered that company’s winding-up on 11 August 2025. The case involves an entity unrelated to Midland Holdings. Mr. Li previously held senior positions at GDH Limited, Guangdong Land Holdings, Guangdong Investment and Henderson Land Development.

Midland Holdings has received Mr. Li’s confirmation of independence under Rule 3.13 of the Hong Kong Listing Rules. He holds no shares in Midland Holdings and has no relationships with directors, senior management or substantial shareholders of the Group.

Under the appointment letter, Mr. Li will receive an annual director’s fee of HK$0.26 million, determined by the Board upon the Remuneration Committee’s recommendation.

Following the appointment, the Board comprises seven members: three Executive Directors—Mr. Wong Kin Yip (Freddie), Ms. Wong Ching Yi (Angela) and Mr. Sze Ka Ming—and four INEDs—Mr. Ho Kwan Tat (Ted), Mr. Sun Tak Chiu, Mr. Chan Nim Leung (Leon) and Mr. Li Wai Keung.