HK&S HOTELS (00045) Unveils Board Overhaul: Three Executive Directors to Step Down, Two INEDs to Retire at 2026 AGM

Bulletin Express03-18

Hongkong and Shanghai Hotels, Limited (HK&S HOTELS, 00045) announced a comprehensive governance reshuffle effective at the conclusion of its Annual General Meeting scheduled for 13 May 2026 (the “2026 AGM”).

Executive Director changes • Chief Corporate and Governance Officer Christobelle Yi Ching Liao, Chief Financial Officer Keith James Robertson and Chief Operating Officer Gareth Owen Roberts will relinquish their positions as Executive Directors at the 2026 AGM. • All three executives will retain their current management roles post-AGM, reflecting the company’s transition to a two-tier structure under which, apart from the Chief Executive Officer, the Board will consist solely of Non-Executive Directors to strengthen independence and oversight. • Each departing Executive Director confirmed the absence of any disagreement with the Board or matters requiring shareholder attention.

Independent Non-Executive Director retirements • Pierre Roger Boppe (director since 1996) and Dr William Kwok Lun Fung (director since 2011 and Nomination Committee member) will retire as Independent Non-Executive Directors at the 2026 AGM after 30 years and 15 years of service, respectively. • Post-retirement, Mr Boppe will assume the role of Senior Advisor to the Chairman. • Both retiring directors confirmed no disagreements with the Board.

Succession planning The company has initiated a search process to identify new Independent Non-Executive Director candidates; further announcements will follow upon confirmation of appointments.

Board composition snapshot (as at 18 March 2026) • Non-Executive Chairman: The Hon. Sir Michael Kadoorie • Non-Executive Deputy Chairman: Philip Lawrence Kadoorie • Executive Directors: Benjamin Julien Arthur Vuchot (CEO), Christobelle Yi Ching Liao (CCGO), Keith James Robertson (CFO), Gareth Owen Roberts (COO) • Non-Executive Directors: Nicholas Timothy James Colfer, Andrew Clifford Winawer Brandler, James Lindsay Lewis, Diego Alejandro González Morales, Peter Camille Borer • Independent Non-Executive Directors: Dr the Hon. Sir David Kwok Po Li, Patrick Blackwell Paul, Pierre Roger Boppe, Dr William Kwok Lun Fung, Dr Rosanna Yick Ming Wong, Dr Kim Lesley Winser, Ada Koon Hang Tse

Strategic context The forthcoming shift to a predominantly non-executive Board aims to bolster corporate governance, reinforce oversight, and align with global best practices in board independence.

Hong Kong, 18 March 2026

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