BIOGRAPHICAL DETAILS OF DIRECTORS

* Dr Raymond CH’IEN Kuo Fung Qualification GBS, CBE, JP Doctoral Degree in Economics – University of Pennsylvania, USA Chairman Major awards Aged 59 Chevalier de l’Ordre du Merite Agricole of France (2008) Joined the Board since August 2007 (1999) Other position held within Hang Seng Group Commander in the Most Excellent Order of ^ Limited – Member of the Remuneration the British Empire (1994) Committee (Note 1) Justice of the Peace (1993) Other major appointments ^ CDC Corporation – Chairman Mrs Margaret LEUNG KO May Yee ^ CDC Software Corporation – Director JP ^ China.com Inc – Chairman Vice-Chairman and Chief Executive ^ China Resources Power Holdings Company Limited – INED Aged 58 ^ Convenience Retail Asia Limited – INED Joined the Board since April 2009 Federation of Industries – Honorary President Other positions held within Hang Seng Group Hong Kong Mercantile Exchange Limited – INED ^ Hang Seng Bank Limited – Chairman of Executive Committee ^ MTR Corporation Limited – Non-executive Chairman Hang Seng Bank (China) Limited – Chairman ^ Swiss Reinsurance Company Limited – INED Hang Seng Indexes Company Limited – Chairman of The Hongkong and Shanghai Banking Corporation Limited Hang Seng Index Advisory Committee – INED Hang Seng Insurance Company Limited – Chairman The Hong Kong/European Union Business Cooperation Chairman of other subsidiaries in Hang Seng Group Committee – Chairman Other major appointments The Tianjin Municipal Committee of the Chinese People’s Political Chinese Bankers Club, Hong Kong – Honorary President (Note 1) Consultative Conference – Member of Standing Committee Hang Seng Management College Limited – Chairman of ^ The Wharf (Holdings) Limited – INED the Board of Governors University of Pennsylvania, USA – Trustee Hang Seng School of Commerce – Chairman of the Board; Past major appointments Supervisor The APEC Business Advisory Council – Hong Kong Member HKSAR Commission on Strategic Development – Member (2004-2009) Ho Leung Ho Lee Foundation – Member of Board of Trustees ^ Inchcape plc – INED (1997-2009) Hong Kong Baptist University – Member of the Court ^ HSBC Holdings plc – INED (1998-2007) Hong Kong University Alumni Association – HSBC Private Equity (Asia) Limited – Chairman Honorary Vice-President (1997-2010) (Note 1) ^ HSBC Holdings plc – Group General Manager Independent Commission Against Corruption – ^ Hutchison Whampoa Limited – INED Chairman of Advisory Committee on Corruption (1998-2006) Securities and Futures Commission – Member of Executive Council of HKSAR Government – Advisory Committee Member (1997-2002) ^ Swire Pacific Limited – INED Executive Council of Hong Kong, then under British Administration – Member (1992-1997)

80 HANG SENG BANK The Community Chest of Hong Kong – Board Member; The Hong Kong University of Science and Technology – Second Vice President; Chairman of Campaign Committee Chairman of the Court The Guangzhou Municipal Committee of the Chinese People’s The Kowloon Motor Bus Company (1933) Limited – NED Political Consultative Conference – Member ^ Transport International Holdings Limited – NED The Henan Provincial Committee of the Chinese People’s Political Past major appointments Consultative Conference – Member of Standing Committee HKSAR Commission on Strategic Development – The Hongkong and Shanghai Banking Corporation Limited – Non-Official Member (2005-2009) Director ^ Hong Kong Exchanges and Clearing Limited – INED The University of Hong Kong – Member of the Council (2000-2003) Past major appointments Hong Kong Civil Service – Private Secretary to the Governor; Hong Kong Export Credit Insurance Corporation – Deputy Secretary (General Duties); Director of Information Member of Advisory Board (2005-2010) (Note 1) Services; Deputy Chief Secretary; Secretary for Trade and HSBC Group – Global Co-Head Commercial Banking Industry; Secretary for Education and Manpower (2003-2009) (1964-1978; 1980-1993) Wells Fargo HSBC Trade Bank, NA – Director The Hong Kong Jockey Club – Chairman (2006-2010) (Note 1) (2007 – February 2010) Qualifications Qualification Degree of Doctor of Social Sciences (honoris causa) – Bachelor’s Degree in Economics, Accounting and Business The Hong Kong University of Science and Technology Administration – The University of Hong Kong Degree of Doctor of Business Administration (honoris causa) – Major award International Management Centres Justice of the Peace (2009) Diploma in Management Studies – The University of Hong Kong Honours Degree in English Literature – The University of * Dr John CHAN Cho Chak Hong Kong GBS, JP Major awards Gold Bauhinia Star (1999) Director Aged 67 Justice of the Peace (1994) Joined the Board since August 1995 Other position held within Hang Seng Group * Dr Marvin CHEUNG Kin Tung ^ Hang Seng Bank Limited – Chairman of GBS, OBE, JP Remuneration Committee Director Other major appointments Aged 63 ^ Guangdong Investment Limited – INED Joined the Board since May 2004 Long Win Bus Company Limited – NED Other position held within Hang Seng Group ^ RoadShow Holdings Limited – Chairman and NED ^ Hang Seng Bank Limited – Member of Audit Committee Swire Properties Limited – INED Other major appointments Sir Edward Youde Memorial Fund – Chairman of the Council Airport Authority Hong Kong – Chairman The Community Chest of Hong Kong – Vice Patron Barristers Disciplinary Tribunal – Member The Hong Kong Monetary Authority – Member of The Exchange Executive Council of HKSAR Government – Non-official Member Fund Advisory Committee ^ HKR International Limited – INED

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^ Hong Kong Exchanges and Clearing Limited – INED Other major appointments Hong Kong University of Science and Technology – Central Development Limited – Director Chairman of the Council Hongkong Land Holdings Limited – Director ^ HSBC Holdings plc – INED; Audit Committee member Jardine Matheson Holdings Limited – Director The Tracker Fund of Hong Kong – Chairman of the Jardine Strategic Holdings Limited – Director Supervisory Committee Pointpiper Investment Limited – Chief Executive Past major appointments ^ Limited – INED (2007-2009) # Ms Sarah Catherine LEGG Independent Commission Against Corruption – Member of Operations Review Committee (2004-2009) Director Aged 43 KPMG Hong Kong – Chairman and Chief Executive Officer Joined the Board since February 2011 (1996-2003) Other major appointments Qualifications The Hongkong and Shanghai Banking Corporation Limited – Fellow – Hong Kong Institute of Certified Public Accountants Chief Financial Officer Fellow – Institute of Chartered Accountants in England and Wales HSBC Bank Bahamas Limited – President (subject to approval of Doctor of Business Administration (Honours) – The Central Bank of Bahamas) Hong Kong Baptist University HSBC Markets (Bahamas) Limited – President Major awards HSBC Securities Investments (Asia) Limited – Director Gold Bauhinia Star (2008) The Hong Kong Society for Rehabilitation – Honorary Treasurer (2000) Director of other subsidiaries in HSBC Group Officer of the Most Excellent Order of the British Empire (1993) Past major appointments Justice of the Peace (1991) The Hongkong and Shanghai Banking Corporation Limited – Chief Accounting Officer (2006-2010) * Ms CHIANG Lai Yuen ^ HSBC Holdings plc – Senior Manager, Finance Transformation (2003-2006) Director Aged 45 HSBC Bank plc – Head of Product Control, Global Banking Joined the Board since September 2010 and Markets (1999-2003) Other major appointments Qualifications ^ Chen Hsong Holdings Limited – Executive Director; Master of Arts – King’s College, Cambridge University Chief Executive Officer Fellow – Chartered Institute of Management Accountants Chen Hsong Investments Limited – Director Member – Association of Corporate Treasurers China Shenzhen Machinery Association – Vice-President Directorate Salaries and Conditions of Service of Mr William LEUNG Wing Cheung HKSAR Government – Member of Standing Committee BBS, JP Shenzhen Federation of Industrial Economics – Vice-Chairman Executive Director and Head of Personal Banking The Hong Kong University of Science and Technology – Aged 56 Member of the Council Joined the Board since August 2009 The Open University of Hong Kong – Member of the Council Other positions held within Hang Seng Group The Shenzhen Committee of the Chinese People’s Political ^ Hang Seng Bank Limited – Head of Personal Banking (responsible Consultative Conference – Member of Standing Committee for the Bank’s branch network and all businesses and services The Toys Manufacturers’ Association of Hong Kong – for personal accounts); member of Executive Committee Vice-President Hang Seng General Insurance (Hong Kong) Company Limited – Past major appointment Chairman Disciplined Services Salaries and Conditions of Service of Hang Seng Insurance Company Limited – Director HKSAR Government – Member of Standing Committee Chairman or Director of other subsidiaries in Hang Seng Group (retired in December 2010) (Note 1) Other major appointments Qualification EPS Company (Hong Kong) Limited – Director Bachelor Degree of Arts – Wellesley College, USA Hang Seng Management College Limited – Member of the Board Major award of Governors “Young Industrialist Awards of Hong Kong” by the Federation of Hang Seng School of Commerce – Director Hong Kong Industries (2004) Hong Kong Academy for Performing Arts – Chairman of the Council * Mr Jenkin HUI Hong Kong Baptist University – Treasurer of the Council and the Court; Chairman of Finance Committee Director Aged 67 Hong Kong Creative Arts Centre Limited – Chairman Joined the Board since August 1994 HSBC Global Asset Management (Hong Kong) Limited – Director Other position held within Hang Seng Group ^ Industrial Bank Co., Ltd. – Member of Management Committee of ^ Hang Seng Bank Limited – Member of Remuneration Committee Credit Card Centre

82 HANG SENG BANK MasterCard Asia/Pacific, Middle East & Africa Regional Advisory ^ Transport International Holdings Limited – INED; Chairman of Board – Director Audit Committee TransUnion Limited – Director ^ Wong’s International (Holdings) Limited – INED; Chairman of West Kowloon Cultural District Authority – Member of Audit Committee Consultation Panel Past major appointments Yantai Bank Co., Ltd. – Director The International Federation of Accountants – Board Member Past major appointments (2004-2006) ^ Hang Seng Bank Limited The Legislative Council of Hong Kong – Member (1991-2004); General Manager, Personal Financial Services and Chairman of Public Accounts Committee (1995-2004) Wealth Management (2005-2009) Meadville Holdings Limited – INED; Chairman of Remuneration General Manager and Head of Wealth Management (2005) Committee (2007-2010) Deputy General Manager and Deputy Head of Commercial Qualifications Banking (2003-2005) BA (Economics) Honours Degree – University of Manchester, UK Deputy General Manager and Deputy Head of Retail Banking Fellow – Hong Kong Institute of Certified Public Accountants (2000-2003) (Practising) Assistant General Manager and Head of Credit Card Centre Hon Doctor of Laws – University of Manchester, UK (1994-2000) Hon Doctor of Social Sciences – Hong Kong Baptist University Hong Kong Baptist University – Honorary Associate of School of Hon Fellow – The Chinese University of Hong Kong Business (2005-2010) (Note 1) Hon Fellow – The Hong Kong Polytechnic University Securities and Futures Commission – Member of Major awards Investor Education Advisory Committee (2008-2010) Gold Bauhinia Star (2003) Qualification Officer of the Most Excellent Order of the British Empire (1996) Diploma of Arts in English Language and Literature – Justice of the Peace (1991) Hong Kong Baptist College

Major awards # Bronze Bauhinia Star (2009) Dr Hong Sui GBS, JP Justice of the Peace (2005) Director Aged 62 * Dr Eric LI Ka Cheung Joined the Board since February 1999 GBS, OBE, JP Other major appointments Director APEC Business Advisory Council – Hong Kong’s Representative Aged 57 Business and Professionals Federation of Hong Kong – Joined the Board since February 2000 Honorary Life President Other position held within Hang Seng Group Chongqing Municipal Government – Economic Adviser ^ Hang Seng Bank Limited – Chairman of Audit Committee ^ Great Eagle Holdings Limited – NED Other major appointments Shanghai-Hong Kong Council for the Promotion and Development ^ Co., Ltd. – INED; Chairman of of Yangtze – President Audit Committee Shanghai Tongji University; Shanghai University – ^ China Resources Enterprise, Limited – INED; Chairman of Advisory Professorship Audit Committee ^ Shui On Construction and Materials Limited – Chairman HKSAR Commission on Strategic Development – Member Shui On Group – Chairman Hong Kong Monetary Authority – Chairman of Process ^ Shui On Land Limited – Chairman and Chief Executive Officer Review Committee The Eleventh National Committee of the Chinese People’s Political Li, Tang, Chen & Co, Certified Public Accountants – Consultative Conference – Member Senior Partner The Hong Kong University of Science and Technology – Long Win Bus Company Limited – INED Honorary Court Chairman ^ RoadShow Holdings Limited – INED; Chairman of Past major appointments Audit Committee ^ China Telecom Corporation Limited – INED (retired in 2008) ^ SmarTone Telecommunications Holdings Limited – INED; ^ New World China Land Limited – NED (retired in 2004) Chairman of Audit Committee ^ Sun Hung Kai Properties Limited – INED; Chairman of Qualification the Audit Committee Doctorate in Business Administration (honoris causa) – The Hong Kong University of Science and Technology The Financial Reporting Council – Convenor of Financial Reporting Review Committee Major awards The Hong Kong Jockey Club – Steward (Note 1) “Ernst & Young Entrepreneur Of The Year 2009” in the China Real The Hong Kong Institute of Education – Treasurer of the Council Estate Category (2009) The Kowloon Motor Bus Company (1933) Limited – INED; “Ernst & Young Entrepreneur Of The Year 2009 China” country Chairman of Audit Committee award winner (2009) The Eleventh National Committee of the Chinese People’s Political Chevalier des Arts et des Lettres by the French Government Consultative Conference – Member (2005)

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Director of the Year in the category of Listed Company ^ Hang Seng Bank Limited – General Manager (2005-2009); Executive Directors by The Hong Kong Institute of Directors Chief Operating Officer (2006-2009) in 2002 (2002) The Hongkong and Shanghai Banking Corporation Limited – Businessman of the Year award in the Hong Kong Business Joined as management trainee and held various managerial Awards 2001 (2001) positions in retail banking, operations and systems, mainland Justice of the Peace (1999) China project finance, internal audit, marketing, channel Gold Bauhinia Star (1998) development and management, wealth management and retail investments (1976-2003) and was Head of Personal Financial Services, Hong Kong (2004-2005) # Mr Mark Seumas MCCOMBE Bank of Shanghai – Director (2004-2005) OBE EPS Company (Hong Kong) Limited – Chairman (2004-2005) Director Aged 44 Qualification Joined the Board since February 2011 Master’s Degree in Business Administration – The Chinese University of Hong Kong Other major appointments ^ HSBC Holdings plc – Group General Manager The Hongkong and Shanghai Banking Corporation Limited – * Mr Richard TANG Yat Sun Chief Executive Officer, Hong Kong BBS, JP HSBC Global Asset Management (Hong Kong) Limited – Director Chairman and Director Aged 58 HSBC Insurance (Asia) Limited – Director Joined the Board since August 1995 HSBC Jintrust Fund Management Company Limited – Other positions held within Hang Seng Group Vice-Chairman and Director ^ Hang Seng Bank Limited – Member of Audit Committee HSBC Life (International) Limited – Director Hang Seng Bank (China) Limited – Supervisor HKICL Services Limited – Chairman and Director Other major appointments Hong Kong Association of Banks – Member of the Committee Correctional Services Children’s Education Trust Investment ^ Hong Kong Exchanges and Clearing Limited – Member of Advisory Board – Chairman the Risk Management Committee Customs and Excise Service Children’s Education Trust Fund Hong Kong Interbank Clearing Limited – Chairman and Director Committee – Chairman Hong Kong Monetary Authority – Member of Hong Kong Commercial Broadcasting Company Limited – Banking Advisory Committee Director Past major appointments Hong Kong Institute of Certified Public Accountants – HSBC Trinkaus & Burkhardt AG – Director and Audit Committee Member of Disciplinary Panel A Member (2009-2010) ^ King Fook Holdings Limited – Vice Chairman HSBC Global Asset Management – Global Chief Executive Officer ^ Miramar Hotel & Investment Company, Limited – Director (2007-2010) Richcom Company Limited – Chairman and Managing Director HSBC Private Bank, UK, Channel Islands and Luxembourg – Tang Shiu Kin and Ho Tim Charitable Fund – Advisor Chief Executive Officer (2006-2007) Qualifications HSBC Private Bank (UK) Limited – Chief Executive (2005-2006) Bachelor of Science Degree in Business Administration – HSBC Turkey – Deputy Chief Executive Officer (2003-2005) Menlo College, California, USA HSBC Republic Bank, France – Chief Executive Officer Master’s Degree in Business Administration – University of (2000-2003) Santa Clara, California, USA Qualification Major awards Master of Arts – Aberdeen University Bronze Bauhinia Star (2000) Major award Justice of the Peace (1997) Officer of the Most Excellent Order of the British Empire (2006) # Mr Peter WONG Tung Shun # Mrs Dorothy SIT KWAN Yin Ping JP Director Director Aged 59 Aged 59 Joined the Board since August 2009 Joined the Board since May 2005 Other major appointments Other positions held within Hang Seng Group Hang Seng Bank (China) Limited – Vice Chairman; ^ Bank of Communications Co., Ltd. – NED Chief Executive; Chairman of Executive Committee ^ Cathay Pacific Airways Limited – INED Greater Pearl River Delta Business Council – Member Past major appointments The Banking Industry Training Advisory Committee – Hong Kong General Chamber of Commerce – Director; Member (2006-2009); Ex-officio Member of its Sub-committee member of General Committee on Specification of Competency Standards Development Hong Kong Institute for Monetary Research – Member of (2007-2009) the Board of Directors (Note 1)

84 HANG SENG BANK Hong Kong Monetary Authority – Member of Exchange Fund Notes: Advisory Committee HSBC Bank (China) Company Limited – Deputy Chairman and 1 New appointments or cessation of appointments since the date NED of the Bank’s 2010 Interim Report or (as the case may be) the HSBC Bank Malaysia Berhad – Chairman and NED date(s) of announcement(s) for the appointment of Director(s) HSBC Bank (Vietnam) Ltd – Vice-Chairman and NED issued by the Bank subsequent to the date of the Bank’s 2010 Interim Report. ^ HSBC Holdings plc – Group Managing Director; member of Group Management Board 2 The interests of Directors in shares of the Bank, if any, within ^ Ping An Insurance (Group) Company of China, Ltd. – NED the meaning of Part XV of the Securities and Futures Ordinance The Hongkong and Shanghai Banking Corporation Limited – (“SFO”) as at 31 December 2010 are disclosed in the section Chief Executive; Executive Director “Directors’ and Alternate Chief Executives’ Interests” of the Report The Hong Kong Institute of Bankers – President of the Directors attached to the Bank’s 2010 Annual Report. The Tenth Hubei Provincial Committee of the Chinese People’s 3 Some Directors (as disclosed in the section “Biographical Details Political Consultative Conference – Member of Directors” of the Bank’s 2010 Annual Report) are also Directors Past major appointments of HSBC Holdings plc (“HSBC”) and/or its subsidiaries. HSBC, ^ Hong Kong Exchanges and Clearing Limited – Member of through its wholly owned subsidiaries, has an interest in the Risk Management Committee (2010) shares of the Bank under the provisions of Divisions 2 and 3 Hong Kong Monetary Authority – Member of Banking of Part XV of the SFO, the details of which are disclosed in the Advisory Committee (2005-2010) section “Substantial Interests in Share Capital” of the Report of Hong Kong Trade Development Council – Chairman of the Directors attached to the Bank’s 2010 Annual Report. Financial Services Advisory Committee (2006-2010) 4 Save as disclosed in the section “Biographical Details of HSBC Bank Australia Limited – NED (2010-2011) (Note 1) Directors” of the Bank’s 2010 Annual Report, the Directors (a) The Hong Kong Association of Banks – Chairman (2009) have not held any directorships in other publicly listed companies, Qualifications whether in Hong Kong or overseas, during the last 3 years; (b) do Bachelor’s Degree in Computer Science; MBA in Marketing and not hold any other positions in the Bank and its subsidiaries; and Finance; MSc in Computer Science – Indiana University, USA (c) do not have any other relationships with any Directors, senior Major award management or substantial or controlling shareholders of the Justice of the Peace (2002) Bank, except that Mr Michael W K Wu’s spouse is the niece of Dr Vincent H S Lo, a Non-executive Director of the Bank. * Mr Michael WU Wei Kuo 5 All Directors (except those Directors who are full time employees of the Bank or its subsidiaries) will receive Directors’ fees in the Director amounts approved from time to time by shareholders at the Aged 40 Joined the Board since September 2010 Annual General Meetings of the Bank. The current amounts of Directors’ fees have been determined with reference to market Other major appointments rates, directors’ workload and required commitment. A Director Hongkong Caterers Limited – Executive Director and will also receive a fee for duties assigned to and services provided Company Secretary by him/her as Chairman or member of various Committees of Hong Kong Retail Management Association – the Bank. Such fees have been determined with reference to the Executive Committee Member remuneration policy of the Bank. Maxim’s Caterers Limited – Chairman and Managing Director The Community Chest of Hong Kong – Board Member 6 Commencing from 1 January 2008, no Directors’ fees will be paid to those Directors who are full time employees of the Bank or its Qualification subsidiaries. The salary packages of such Directors have been Bachelor of Science in Applied Mathematics and Economics – determined with reference to the remuneration policy of the Bank. Brown University, USA Such Directors are also entitled to discretionary bonus. Major Award “Executive Award” of the DHL/SCMP Hong Kong Business 7 The details of the emoluments of the Directors on a named basis Awards (2008) are disclosed in Note 19 of the Bank’s Financial Statements as contained in the Bank’s 2010 Annual Report. 8 None of the Directors, except Mr William W Leung has signed service contracts with the Bank. However, the Bank’s Articles of Association provide that each Director is required to retire by rotation once every three years and that one-third (or the number nearest to one-third) of the Directors shall retire from office every year at the Bank’s Annual General Meeting. A Director’s specific term of appointment, therefore, cannot exceed three years. Every retiring Director shall be eligible for re-election at the Annual * Independent Non-executive Directors (“INED”) General Meetings of the Bank. # Non-executive Directors (“NED”) 9 Biographical details of Directors of the Bank are also available on ^ The securities of these companies are listed on a securities the website of the Bank (www.hangseng.com). market in Hong Kong or overseas.

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