Pacific Century Regional Developments Limited announced that Mr. Alex Arena has informed the company and the Trustee-Manager that he will retire as Group Managing Director and Executive Director of the Company and the Trustee-Manager with effect from the end of August 31, 2018. Upon the retirement of Mr. Arena, Ms. Susanna Hui, currently the Group Chief Financial Officer and Executive Director of the Company and the Trustee-Manager, will be appointed as Group Managing Director with effect from September 1, 2018. In connection with her appointment as Group Managing Director, Ms. Hui will step down from her current role as Group Chief Financial Officer and Mr. Evan Wong, currently the Director of Group Finance, will be appointed as Chief Financial Officer of the Company and the Trustee-Manager with effect from September 1, 2018.

With effect from the end of August 31, 2018, Mr. Arena will retire as a member of the Company's Executive Committee, Operational Committee and Finance and Management Committee. Ms. Hui will continue to serve on the Company's Executive Committee, Operational Committee and Finance and Management Committee and will assume the Chair of the Operational Committee and the Finance and Management Committee, in respect of which Mr. Arena currently serves as Chairman. Mr. Wong Hong Kit ("Mr. Evan Wong") will be appointed as Chief Financial Officer of HKT and the Trustee-Manager on September 1, 2018 to lead the HKT Group Finance function and assume the responsibilities in relation to HKT Group Finance previously undertaken by Ms. Hui.