Appointed as Director in May 1970 and has been the Chairman since 1982. Dr Cheng is the Chairman of Chow Tai Fook Enterprises Limited, and a Director of Cheng Yu Tung Family (Holdings) Limited and Centennial Success Limited, all of them are substantial shareholders of the Company. He is also the Chairman of New World Hotels (Holdings) Limited and a Director of certain subsidiaries of the Group. Dr Cheng is also a Non-executive Director of Shun Tak Holdings Limited and SJM Holdings Limited, the Chairman of Melbourne Enterprises Limited and the Non-executive Chairman of Lifestyle International Holdings Limited, all being listed public companies in Hong Kong. Dr Cheng was an Independent Non-executive Director of Hang Seng Bank Limited (a listed public company in Hong Kong) until 6 May 2009. Dr Cheng was awarded Grand Bauhinia Medal by the Government of the Hong Kong Special Administrative Region in 2008. Dr Cheng is the father of Dr Cheng Kar-Shun, Henry and Mr Cheng Kar-Shing, Peter, and the grandfather of Mr Cheng Chi-Kong, Adrian.

Appointed as Director in October 1972, Executive Director in 1973 and became Managing Director from 1989. Dr Cheng is the Chairman and Managing Director of New World China Land Limited, the Chairman of NWS Holdings Limited, New World Department Store China Limited, Taifook Securities Group Limited and International Entertainment Corporation, an Independent Non-executive Director of HKR International Limited, and a Non-executive Director of Lifestyle International Holdings Limited, all of them are listed public companies in Hong Kong. He was the Chairman of New World Mobile Holdings Limited (a listed public company in Hong Kong) up to his resignation on 1 February 2007. Dr Cheng is also the Managing Director of New World Hotels (Holdings) Limited and a Director of certain subsidiaries of the Group. He is a Director of Cheng Yu Tung Family (Holdings) Limited, Centennial Success Limited and Chow Tai Fook Enterprises Limited, all of them are substantial shareholders of the Company. Dr Cheng is the Chairman of the Advisory Council for The Better Hong Kong Foundation and a Standing Committee Member of the Eleventh Chinese People’s Political Consultative Conference of The People’s Republic of China. In 2001, Dr Cheng was awarded the Gold Bauhinia Star by the Government of the Hong Kong Special Administrative Region. Dr Cheng is the eldest son of Dr Cheng Yu-Tung, the father of Mr Cheng Chi-Kong, Adrian and the brother of Mr Cheng Kar-Shing, Peter.

Appointed as Executive Director in June 1970. Dr Sin is the Chairman of Myer Jewelry Manufacturer Limited, Honorary Chairman of Hip Hing Construction Company Limited and a Director of certain subsidiaries of the Group. Dr Sin is also the Vice Chairman and Independent Non-executive Director of Miramar Hotel and Investment Company, Limited, a listed public company in Hong Kong. He was a Non-executive Director of King Fook Holdings Limited (a listed public company in Hong Kong) until 31 August 2006 and an Independent Non-executive Director of Hang Seng Bank Limited (a listed public company in Hong Kong) until 6 May 2009.

Appointed as Director in November 1979 and became Executive Director in 1986. Mr Liang is the cousin of Mr Liang Cheung-Biu, Thomas.

Appointed as Director in October 1994 and re-designated as Executive Director in August 2004. Mr Leung has been the Group General Manager since May 1988. He is also the Company Secretary and the Chairman of the Remuneration Committee of the Board of Directors of the Company. Mr Leung is a Director of New World Hotels (Holdings) Limited, Hip Hing Construction Company Limited, and certain subsidiaries of the Group. He is also an Executive Director of New World China Land Limited, a listed public company in Hong Kong. Mr Leung is the Vice Chairman of the Executive Committee of The Real Estate Developers Association of Hong Kong, as well as a Member of General Committee of The Chamber of Hong Kong Listed Companies.

Appointed as an Executive Director in March 2007. Mr Cheng is an Executive Director of New World China Land Limited, New World Department Store China Limited and International Entertainment Corporation, all being listed public companies in Hong Kong. He is a Director of Centennial Success Limited and Chow Tai Fook Enterprises Limited, both are substantial shareholders of the Company. He is also a director of certain subsidiaries of the Group. Mr Cheng has worked in a major international bank prior to joining the Group in September 2006 and has substantial experience in corporate finance. Mr Cheng holds a Bachelor of Arts Degree (cum laude) from Harvard University. He is a Committee Member of All-China Youth Federation, a Member of the Tianjin Municipal Committee of The Chinese People’s Political Consultative Conference, a Consultant of the Beijing Municipal Committee of The Chinese People’s Political Consultative Conference, Chairman of China Young Leaders Foundation and the Honorary Chairman of Fundraising Committee, Wu Zhi Qiao (Bridge to China) Charitable Foundation. He is the grandson of Dr Cheng Yu-Tung, the son of Dr Cheng Kar-Shun, Henry and the nephew of Mr Cheng Kar-Shing, Peter.

Appointed as Director in October 1994. Mr Cheng is a Director of New World Hotels (Holdings) Limited, the Deputy Managing Director of New World Development (China) Limited, and a Director of NWS Service Management Limited and certain subsidiaries of the Group. He is a Director of Cheng Yu Tung Family (Holdings) Limited, Centennial Success Limited and Chow Tai Fook Enterprises Limited, all of them are substantial shareholders of the Company. He is also an Executive Director of New World China Land Limited, and an Independent Non-executive Director of King Fook Holdings Limited and Symphony Holdings Limited, all being listed public companies in Hong Kong. Mr Cheng is the son of Dr Cheng Yu-Tung, the brother of Dr Cheng Kar-Shun, Henry and the uncle of Mr Cheng Chi-Kong, Adrian.

Appointed as Director in October 1994. Mr Chow is an Executive Director of New World China Land Limited, a listed public company in Hong Kong, and a Director of Hip Hing Construction Company Limited and certain subsidiaries of the Group.

Appointed as Non-executive Director in August 2004. Mr Liang is a Non-executive Director of Miramar Hotel and Investment Company, Limited (a listed public company in Hong Kong) and the Group Chief Executive of Wideland Investors Limited. He has extensive experience in financial management, corporate finance, banking, real estate development and equity investment. Mr Liang is the cousin of Mr Liang Chong-Hou, David.

Appointed as a Non-executive Director in December 2008. Ms Ki is the Managing Director of New World China Enterprises Projects Limited, a Director of Kunming New World First Bus Services Limited and a Director of certain subsidiaries of the Group. Ms Ki is an Independent Non-executive Director of Clear Media Limited and Sa Sa International Holdings Limited, both are listed public companies in Hong Kong. Ms Ki has more than 30 years' experience in integrated communication and marketing services. She was the founder, partner and Chairman/Chief Executive Officer of Grey Hong Kong Advertising Limited and Grey China Advertising Limited. Ms Ki is committed to the community and public services. She was the Chief Executive of The Better Hong Kong Foundation. She is currently a life member of the Children’s Cancer Foundation, Trustee of Ocean Park Conservation Fund, Honorary Secretary of Wu Zhi Qiao Charitable Foundation, a member of the Sports Commission of Hong Kong, a member of the Hong Kong Housing Society, a court and council member of Lingnan University, a member of the Asian Advisory Board of Cheng Yu Tung Management Institute, Richard Ivey School of Business (University of Western Ontario, Canada), a member of the Advisory Board of the EMBA Programme of CUHK, a member of the Career Advisory Board of HKU, and a CPPCC member of Yunnan Province.

Appointed as Director in November 1985. Mr Yeung is a Member of the Audit Committee and the Remuneration Committee of the Board of Directors of the Company. He is also the Chairman of King Fook Holdings Limited and a Non-executive Director of Miramar Hotel and Investment Company, Limited, both being listed public companies in Hong Kong.

Appointed as Director in April 1989. Dr Cha is the Chairman of the Audit Committee and a Member of the Remuneration Committee of the Board of Directors of the Company. Dr Cha is also the Chairman of HKR International Limited and the Non-executive Chairman of Hanison Construction Holdings Limited, both of them are listed public companies in Hong Kong. He is also an Independent Non-executive Director of Eagle Asset Management (CP) Limited — Manager of Champion Real Estate Investment Trust which is listed on The Stock Exchange of Hong Kong Limited, a Director of Asia Television Limited and an Independent Non-executive Director of Hong Kong International Theme Parks Limited. Dr Cha is a Committee Member of the Eleventh Chinese People’s Political Consultative Conference of The People’s Republic of China.

Appointed as Alternate Director in September 2000. Mr Cha is the Deputy Chairman and Managing Director of HKR International Limited, and an Independent Non-executive Director of SOHO China Limited, both are listed public companies in Hong Kong, and a Director of United Nigeria Textiles PLC which is listed on the Nigerian Stock Exchange. Mr Cha was an Independent Non-executive Director of China Netcom Group Corporation (Hong Kong) Limited (a listed public company in Hong Kong during his term of office) until 22 May 2008. He has extensive experience in the textile manufacturing and real estate businesses. He is a Member of the Chinese People’s Political Consultative Committee of Zhejiang Province and a Council Member of The Hong Kong Polytechnic University.

Appointed as Non-executive Director in August 2004 and re-designated as Independent Non-executive Director in November 2007. Mr Ho was an alternate Director of the Company from 7 January 2004 to 29 August 2004. Mr Ho is a Member of the Audit Committee and the Remuneration Committee of the Board of Directors of the Company. He is also an Independent Non-executive Director of CITIC Pacific Limited, and a Non-executive Director of King Fook Holdings Limited and Dah Chong Hong Holdings Limited, all being listed public companies in Hong Kong. He is also an Executive Director of Honorway Investments Limited and Tak Hung (Holding) Company Limited.

Appointed as Independent Non-executive Director in August 2004. Mr Lee is a Member of the Audit Committee and the Remuneration Committee of the Board of Directors of the Company. Mr Lee is also the Managing Director and Chief Executive Officer of Lippo Limited and a Director of Lippo China Resources Limited and Hongkong Chinese Limited as well as an Independent Non-executive Director of New World China Land Limited, all being listed public companies in Hong Kong. He is also a Non-executive Director of Export and Industry Bank, Inc., a listed company in the Republic of Philippines. He was a Non-executive Director of Medco Holdings, Inc., a listed company in the Republic of Philippines, up to his resignation on 23 July 2009. Mr Lee is a Fellow Member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants, and an Associate Member of The Institute of Chartered Accountants in England and Wales. He was a partner of Price Waterhouse in Hong Kong and has extensive experience in corporate finance and capital markets. Mr Lee is an Honorary Fellow of the City University of Hong Kong. He serves as a member on a number of Hong Kong Government Boards and Committees including as a member of the Hospital Authority, Chairman of the Finance Committee and Main Tender Board of the Hospital Authority and a Trustee of the Hospital Authority Provident Fund Scheme. He is also the Chairman of the Queen Elizabeth Hospital Governing Committee. In addition, Mr Lee serves as a member of Non-local Higher and Professional Education Appeal Board.