China Overseas Land & Investment Limited (China Overseas) announced a board reshuffle effective 25 June 2026.

Brian Li Man Bun, Independent Non-Executive Director since 2013, will resign to focus on other business engagements. His departure also removes him as Chairman of the Audit and Risk Management Committee and as a member of the Corporate Governance, Nomination and Remuneration Committees.

Adrian Li Man Kiu, aged 52, will be appointed as Independent Non-Executive Director, Chairman of the Audit and Risk Management Committee and member of the same three board committees on the same effective date. Adrian Li is Co-Chief Executive of The Bank of East Asia and currently chairs the audit committees of COSCO SHIPPING Ports, Sino Land and Tsim Sha Tsui Properties. He holds degrees from the University of Cambridge and Northwestern University’s Kellogg School of Management and is a qualified solicitor in Hong Kong and England & Wales.

Key appointment terms: • Annual director’s fee: HK$0.50 million • No fixed term; either party may terminate with three months’ written notice • Subject to rotation and re-election under the company’s Articles of Association

Independence considerations: China Overseas states there is no business relationship with Adrian Li, BEA operates on an arm’s-length basis, and his appointment coincides with Brian Li’s resignation, satisfying Rule 3.13 of the Hong Kong Listing Rules.

Additional disclosures: Adrian Li owns 1,027,765 shares of China State Construction International Holdings Limited, equal to approximately 0.02 % of that company’s issued share capital.

The board conveyed its appreciation to Brian Li for his 13-year contribution and welcomed Adrian Li to the board.