CSI Properties Limited announced that Dr. Lo Wing Yan, William, JP, has resigned as Independent Non-Executive Director (INED) effective 14 August 2026 to focus on other professional commitments. His departure also ends his roles as Chairman of the Remuneration Committee and member of both the Audit and Nomination Committees.

Following the resignation, the board comprises 11 directors, of whom only three are INEDs. This structure breaches several Hong Kong Listing Rules:

1. Rule 3.10A – INEDs now represent less than one-third of the board. 2. Rule 3.21 – The Audit Committee has only two members instead of the required minimum of three. 3. Rule 3.25 – The Remuneration Committee is neither chaired by an INED nor composed of a majority of INEDs. 4. Rule 3.27A – The Nomination Committee no longer has an INED majority.

CSI Properties intends to appoint suitable candidates to restore compliance within three months of Dr. Lo’s departure, as stipulated under Rules 3.11, 3.23, 3.27 and 3.27C. The company will issue further announcements upon completion of these appointments.

Dr. Lo confirmed no disagreement with the board and no matters requiring shareholder attention. The board expressed gratitude for his contributions during his tenure.