The board of directors of Ker y Properties Limited announced that Mr. Ku Moon Lun, an independent non-executive director of the Company, shall retire by rotation at the forthcoming annual general meeting of the Company in accordance with the bye-laws of the Company. Mr. Ku has decided not to stand for re-election and accordingly he will cease to be the INED and the member of each of the audit and corporate governance committee, the remuneration committee and the nomination committee of the Company on the conclusion of the AGM which is scheduled to be held on 20 May 2020.