Great Eagle : Appointment of Independent Non-executive Director

Hong Kong Exchange and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever fo

Hong Kong Exchange and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Stock Code: 41)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board announces that Mr. Lee Siu Kwong, Ambrose has been appointed as an Independent Non-executive Director and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 28 January 2016.

Following Mr. Lee's appointment, the Company has fulfilled the requirement under Rule 3.10A of the Listing Rules for having Independent Non-executive Directors representing at least one-third of the Board.

The board of directors (the "Board") of Great Eagle Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that Mr. Lee Siu Kwong, Ambrose ("Mr. Lee") has been appointed as an Independent Non-executive Director and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 28 January 2016. Personal details of Mr. Lee are set out as follows:

Mr. Lee, aged 67, is currently an independent non-executive director of HSBC Bank (China) Company Limited and a non-executive director of Digital Broadcasting Corporation Hong Kong Limited. Mr. Lee had served with the Hong Kong Government for 38 years and retired from it in 2012. He joined the Hong Kong Government as an Immigration Officer in 1974. He advanced through the ranks and in 1998, took charge of the Department as Director of Immigration. In 2002, Mr. Lee was appointed as Commissioner of the Independent Commission Against Corruption and one year later, he was appointed as Secretary for Security of the HKSAR Government. Throughout his years of service, Mr. Lee developed ample experience in government administration, executive management, law enforcement and crisis management. Mr. Lee is a Hong Kong deputy to the 12th National People's Congress and a Vice Chairman of the Council of Lifeline Express Hong Kong Foundation. He was awarded the Gold Bauhinia Star in 2009 and the Hong Kong Immigration Service Medal for Distinguished Service in 1998. Mr. Lee graduated from The University of Hong Kong with a Bachelor Degree of Science in Electrical Engineering and had also pursued administrative development and senior executive studies at Tsinghua University, University of Oxford, Harvard University and INSEAD.

Mr. Lee does not have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, he does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance.

Mr. Lee did not hold any directorship in other listed public companies in the three years preceding the date of this announcement or any position with the Company or other members of the Group.

Mr. Lee does not have any service contract with the Company which is not determinable by the Company within one year without payment of compensation (other than statutory compensations). He has not been appointed for any specified length or proposed length of service with the Company but is subject to retirement by rotation and eligible for re-election pursuant to the Bye-laws of the Company.

Mr. Lee is entitled to receive a director's fee of HK$160,000 per annum. The director's fee was proposed by the Board on the recommendation of the Remuneration Committee of the Company based on the general duties and responsibilities as a Director of the Company, and will be fixed by the Shareholders at the 2016 Annual General Meeting as an ordinary remuneration payable to each Director. In addition, Mr. Lee is entitled to receive annual remunerations of Board Committees in an aggregate sum of HK$270,000 per annum. These remunerations were determined by the Board with reference to the time and effort involved in his specific duties and services, and the prevailing market conditions.

Save as disclosed above, there is no other matters that need to be brought to the attention of the shareholders of the Company in connection with Mr. Lee's appointment, and there is no other information to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Following Mr. Lee's appointment, the Company has fullfilled the requirement under Rule 3.10A of the Listing Rules for having Independent Non-executive Directors representing at least one-third of the Board.

By Order of the Board

Great Eagle Holdings Limited Lo Ka Shui

Chairman and Managing Director

Hong Kong, 28 January 2016

As at the date of this announcement, the Board comprises Dr. LO Ka Shui (Chairman and Managing Director), Mr. LO Kai Shui (Deputy Managing Director), Mr. LO Hong Sui, Antony, Madam LAW Wai Duen, Mr. LO Chun Him, Alexander, Mr. KAN Tak Kwong (General Manager) and Mr. CHU Shik Pui being the Executive Directors; Madam LO TO Lee Kwan, Mr. LO Hong Sui, Vincent and Dr. LO Ying Sui being the Non-executive Directors; and Mr. CHENG Hoi Chuen, Vincent, Professor WONG Yue Chim, Richard, Mrs. LEE Pui Ling, Angelina, Mr. ZHU Qi and Mr. LEE Siu Kwong, Ambrose being the Independent Non-executive Directors.