The board of directors of the BOC Hong Kong (Holdings) Limited (company) announced that due to age reason, Mr. YUE Yi has resigned as Vice Chairman, Executive Director, Chief Executive and ceased to be a member of the Strategy and Budget Committee of the company and its principal operating subsidiary, Bank of China (Hong Kong) Limited (Bank). He has also resigned from all his positions within the company and its subsidiaries on the same day. And Mr. GAO Yingxin has been re-designated from Non-executive Director to Executive Director, appointed as Vice Chairman, Chief Executive and ceased to be a member of the Risk Committee of the company and the Bank.

Mr. GAO remains as a member of the Strategy and Budget Committee. With effect from 1 January 2018. Prior to the re-designation, Mr. GAO was a Non-executive Director and a member of the Risk Committee of the company and the Bank from March 2015 to December 2017.

He is currently an Executive Director of Bank of China Limited.