Hopson Development Holdings Limited announced that with effect from 10 January 2020 Mr. Chu Mang Yee resigned as the chairman of the Board and an executive director of the Company and Ms. Chu Kut Yung, an executive director of the Company and the daughter of Mr. Chu, was appointed as the chairman of the Board. Ms. Chu had been the deputy chairman of the Company since 11 July 2013 until she was appointed as the chairman of the Board as disclosed in this announcement.