The board of Lippo C Res-NEW (00156) has announced a change in its composition. Mr. Yung Ha-Kok has stepped down from his position as an independent non-executive director of the company, following the completion of his term of service.

Concurrently, Mr. Tsui King-Fai has been appointed as an independent non-executive director of the company, with his term effective from June 8, 2026. Following Mr. Yung's departure from the board, he has also ceased to serve as the chairman of the board audit committee and as a member of both the board nomination committee and the board remuneration committee.

In line with the new appointment, effective from June 8, 2026, Mr. Tsui has been appointed as the chairman of the board audit committee and as a member of both the board remuneration committee and the board nomination committee.