GEG Announces Board Reshuffle: Two INED Retirements, New INED and NED Appointments, Committee Realignments

Bulletin Express05-12

Galaxy Entertainment Group Limited (GEG) will implement a comprehensive board restructuring effective 13 May 2026. Key developments are as follows:

• Independent Non-Executive Director (INED) departures: Dr. William Yip Shue Lam and Mr. Michael Victor Mecca have resigned due to retirement. Dr. Yip simultaneously relinquishes positions on the Audit Committee and as chairman of both the Nomination and Remuneration Committees.

• INED appointment: Mr. Sze Wine Him Jaime, BBS, JP, joins the Board and the Nomination Committee. His three-year service contract carries an annual director’s fee of HK$0.48 million, subject to annual review. Mr. Sze confirms independence under Rule 3.13 of the Listing Rules and holds no shares in GEG.

• Non-Executive Director (NED) appointment: Former Group CFO Mr. Robert Charles Drake returns as a NED. His three-year term includes an annual director’s fee of HK$0.39 million. Mr. Drake personally holds 801,340 GEG shares (771,870 shares plus 29,470 share awards).

• Board committee changes: – Nomination Committee: Chairman role transferred to Mr. Francis Lui Yiu Tung (current Board Chairman); Mr. Sze becomes a member. – Remuneration Committee: Professor Patrick Wong Lung Tak appointed Chairman; Mr. James Ross Ancell added as member. – Audit Committee composition now led by Professor Wong with Mr. Lui and Mr. Ancell as members. – No changes to the Corporate Governance Committee.

GEG states the outgoing directors have no disagreements with the Board and expresses appreciation for their service. The company extends a formal welcome to the incoming directors.

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