80 ANNUAL REPORT 2011

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 60 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 the British Empire ^ Hang Seng Bank Limited – Member of Remuneration Committee (1994) Justice of the Peace (1993) Other major appointments Ascendas China Commercial Fund Management Limited – Chairman (Note 1) Mrs Margaret LEUNG KO May Yee ^ China.com Inc – Chairman JP ^ China Resources Power Holdings Company Limited – Vice-Chairman and Chief Executive Independent Non-executive Director Aged 59 ^ Convenience Retail Asia Limited – Independent Non-executive Joined the Board since April 2009 Director Federation of Industries – Honorary President Other positions held within Hang Seng Group Hong Kong Mercantile Exchange Limited – Independent ^ Hang Seng Bank Limited – Chairman of Executive Committee Non-executive Director Hang Seng Bank (China) Limited – Chairman ^ MTR Corporation Limited – Non-executive Chairman Hang Seng Indexes Company Limited – Chairman of Hang Seng ^ Swiss Reinsurance Company Limited – Independent Index Advisory Committee Non-executive Director Hang Seng Insurance Company Limited – Chairman The Hongkong and Banking Corporation Limited – Chairman of other subsidiaries in Hang Seng Group Independent Non-executive Director The Tianjin Municipal Committee of the Chinese People’s Political Other major appointments Consultative Conference – Member of Standing Committee Chinese Bankers Club, Hong Kong – Honorary President ^ The Wharf (Holdings) Limited – Independent Non-executive Director Hang Seng Management College – Chairman of the Board of University of Pennsylvania, USA – Trustee Governors Past major appointments Hang Seng School of Commerce – Chairman of the Board; ^ CDC Corporation – Chairman (1999-2011) (Note 1) Supervisor ^ CDC Software Corporation – Director (2009-2012) (Note 1) HKSAR Commission on Strategic Development – Member Executive Council of HKSAR Government – Member (1997-2002) Ho Leung Ho Lee Foundation – Member of Board of Trustees Executive Council of Hong Kong, then under British Administration – Hong Kong Baptist University – Member of the Court Member (1992-1997) Hong Kong University Alumni Association – Honorary ^ HSBC Holdings plc – Independent Non-executive Director Vice-President (1998-2007) ^ HSBC Holdings plc – Group General Manager HSBC Private Equity (Asia) Limited – Chairman (1997-2010) ^ Hutchison Whampoa Limited – Independent ^ Inchcape plc – Independent Non-executive Director (1997-2009) Non-executive Director Independent Commission Against Corruption – Chairman of Securities and Futures Commission – Member of Advisory Committee on Corruption (1998-2006) Advisory Committee The APEC Business Advisory Council – Hong Kong Member ^ Swire Pacific Limited – Independent Non-executive Director (2004-2009) The Community Chest of Hong Kong – Board Member; The Hong Kong/European Union Business Cooperation Committee – First Vice President; Executive Committee Chairman Chairman (2005-2012) (Note 1) BIOGRAPHICAL DETAILS OF DIRECTORS 81

The Guangzhou Municipal Committee of the Chinese People’s The Kowloon Motor Bus Company (1933) Limited – Non-executive Political Consultative Conference – Member Director The Henan Provincial Committee of the Chinese People’s Political ^ Transport International Holdings Limited – Independent Consultative Conference – Member of Standing Committee Non-executive Director (Note 1) The Hongkong and Shanghai Banking Corporation Limited – Past major appointments Director HKSAR Commission on Strategic Development – Non-Official The University of Hong Kong – Member of the Council Member (2005-2009) Past major appointments ^ Hong Kong Exchanges and Clearing Limited – Independent Hong Kong Export Credit Insurance Corporation – Member of Non-executive Director (2000-2003) Advisory Board (2005-2010) Hong Kong Civil Service – Private Secretary to the Governor; HSBC Group – Global Co-Head Commercial Banking (2003-2009) Deputy Secretary (General Duties); Director of Information The Community Chest of Hong Kong – Chairman of Campaign Services; Deputy Chief Secretary; Secretary for Trade and Committee (2009-2011) Industry; Secretary for Education and Manpower (1964-1978; 1980-1993) Wells Fargo HSBC Trade Bank, NA – Director (2007-2010) The Community Chest of Hong Kong – Vice Patron (2004-2011) qualification (Note 1) Bachelor’s Degree in Economics, Accounting and Business The Hong Kong Jockey Club – Chairman (2006-2010) Administration – The University of Hong Kong qualifications Major award Degree of Doctor of Social Sciences (honoris causa) – The Justice of the Peace (2009) University of Hong Kong and The Hong Kong University of Science and Technology * Dr John CHAN Cho Chak Degree of Doctor of Business Administration (honoris causa) – GBS, JP International Management Centres Diploma in Management Studies – The University of Hong Kong Director Aged 68 Honours Degree in English Literature – The University of Joined the Board since August 1995 Hong Kong Other position held within Hang Seng Group Major awards ^ Hang Seng Bank Limited – Chairman of Remuneration Gold Bauhinia Star (1999) Committee Justice of the Peace (1994) Other major appointments ^ Guangdong Investment Limited – Independent Non-executive * Dr Kin Tung Director GBS, OBE, JP Long Win Bus Company Limited – Non-executive Director Director ^ RoadShow Holdings Limited – Chairman and Non-executive Aged 64 Director Joined the Board since May 2004 ^ Swire Properties Limited – Independent Non-executive Director Other position held within Hang Seng Group Sir Edward Youde Memorial Fund – Chairman of the Council ^ Hang Seng Bank Limited – Member of Audit Committee The Community Chest of Hong Kong – Board Member Other major appointments Hong Kong Monetary Authority – Member of The Exchange Fund Airport Authority Hong Kong – Chairman Advisory Committee Barristers Disciplinary Tribunal – Member The Hong Kong University of Science and Technology – Chairman of the Court Executive Council of HKSAR Government – Non-official Member 82 HANG SENG BANK ANNUAL REPORT 2011

^ HKR International Limited – Independent Non-executive Director Hang Seng Insurance Company Limited – Director Hong Kong University of Science and Technology – Chairman of Hang Seng Investment Management Limited – Director and the Council General Manager ^ HSBC Holdings plc – Independent Non-executive Director; Hang Seng Investment Services Limited – Director Audit Committee member Hang Seng Life Limited – Director The Tracker Fund of Hong Kong – Chairman of the Supervisory Hang Seng Securities Limited – Director Committee Other major appointments Past major appointments Business Facilitation Advisory Committee – Non-official member ^ Hong Kong Exchanges and Clearing Limited – Independent Central Policy Unit – Pan-Pearl River Delta Panel – Member Non-executive Director (2005-2011) Hong Kong Institute of Certified Public Accountants – Lay Member ^ Limited – Independent Non-executive of the Council (Note 1) Director (2007-2009) Hong Kong Trade Development Council – Member of the Financial Independent Commission Against Corruption – Member of Services Advisory Committee Operations Review Committee (2004-2009) ^ Industrial Bank Co., Ltd. – Director; Member of Executive KPMG Hong Kong – Chairman and Chief Executive Officer Committee; Member of Remuneration and Examination (1996-2003) Committee qualifications Securities and Futures Commission – Member of Process Review Fellow – Hong Kong Institute of Certified Public Accountants Panel; Member of Products Advisory Committee Fellow – Institute of Chartered Accountants in England and Wales The Community Chest of Hong Kong – Board member Doctor of Business Administration (Honours) – Hong Kong The Federation of Hong Kong Industries – Member of General Baptist University Committee Major awards The Hong Kong Mortgage Corporation Limited – Director Gold Bauhinia Star (2008) Treasury Markets Association – Member of the Executive Board (2000) Past major appointments Officer of the Most Excellent Order of the British Empire (1993) ^ Hang Seng Bank Limited – Justice of the Peace (1991) General Manager and Head of Treasury and Investment (2009-2011); General Manager and Head of Investment and Insurance * Ms CHIANG Lai Yuen (2008-2009); Director Deputy General Manager and Head of Investment and Insurance Aged 46 (2006-2008) Joined the Board since September 2010 DBS Bank (Hong Kong) Limited – Managing Director, Other major appointments Advisory Sales, Greater China, Wholesale Banking – ^ Chen Hsong Holdings Limited – Executive Director; Global Financial Markets (2002-2006) Chief Executive Officer ^ Commonwealth Bank of Australia, Hong Kong Branch – Chen Hsong Investments Limited – Director Treasurer and Head of Capital Markets, Asia (1996-2002) China Shenzhen Machinery Association – Vice-President The Hongkong and Shanghai Banking Corporation Limited – Directorate Salaries and Conditions of Service of Head of Hong Kong Dollar Markets (1991-1996) HKSAR Government – Member of Standing Committee qualifications Shenzhen Federation of Industrial Economics – Vice-Chairman Bachelor of Arts Degree – The University of Hong Kong The Hong Kong University of Science and Technology – Honorary Fellowship – Lingnan University Member of the Council The Open University of Hong Kong – Member of the Council # Ms Anita FUNG Yuen Mei The Shenzhen Committee of the Chinese People’s Political Consultative Conference – Member of Standing Committee Director The Toys Manufacturers’ Association of Hong Kong – Aged 51 Vice-President Joined the Board since November 2011 Other major appointments Past major appointment ^ Co., Ltd. – Director Disciplined Services Salaries and Conditions of Service of HKSAR Government – Member of Standing Committee Hong Kong Airport Authority – Member of the Board (retired in December 2010) Hong Kong Housing Authority – Member of the Finance Committee qualification Hong Kong Monetary Authority – Member of the Currency Board Bachelor Degree of Arts – Wellesley College, USA Sub-committee of the Exchange Fund Advisory Committee (Note 1); Member of the Financial Infrastructure Sub-committee Major award of the Exchange Fund Advisory Committee “Young Industrialist Awards of Hong Kong” by the Federation of HSBC Bank (China) Company Limited – Deputy Chairman Hong Kong Industries (2004) HSBC Global Asset Management (Hong Kong) Limited – Chairman and Director (Note 1) Mr Andrew FUNG Hau Chung ^ HSBC Holdings plc – Group General Manager JP The Community Chest of Hong Kong – Board Member (Note 1) Executive Director and Head of Treasury and Investment The Financial Services and the Treasury Bureau – Non-official Aged 54 member of the Advisory Committee on Bond Market Joined the Board since October 2011 Development The Hongkong and Shanghai Banking Corporation Limited – Other positions held within Hang Seng Group Chief Executive Officer, Hong Kong ^ Hang Seng Bank Limited – Member of Executive Committee The Hong Kong Association of Banks – Chairman (Note 1) Hang Seng Asset Management Pte Ltd – Director The Hong Kong Trade Development Council – Ex-officio Member Hang Seng Bullion Company Limited – Director (Note 1); Member of the Financial Services Advisory Committee BIOGRAPHICAL DETAILS OF DIRECTORS 83

The Hong Kong University of Science and Technology – # Ms Sarah Catherine LEGG Member of the Council Director Treasury Markets Association – Member of the Executive Board, Aged 44 and the Chairman of the Market Development Committee Joined the Board since February 2011 Past major appointments Other major appointments The Hongkong and Shanghai Banking Corporation Limited – The Hongkong and Shanghai Banking Corporation Limited – joined as Head of HKD Bond Markets (1996-1998), and was Chief Financial Officer appointed Head of Asian Fixed Income Trading (1998-2001), Head of Trading, Asia-Pacific (2001-2003), Treasurer and Co- HSBC Bank (Taiwan) Limited – Director (Note 1) Head of Global Markets, Asia-Pacific (2003-2004), Treasurer HSBC Asia Holdings BV – Director and Head of Global Markets, Asia-Pacific (2005-2010) and HSBC Bank Bahamas Limited – President Head of Global Banking and Markets, Asia-Pacific (2010-2011) HSBC Markets (Bahamas) Limited – President Qualifications HSBC Securities Investments (Asia) Limited – Director Bachelor Degree of Social Science – The University of Hong Kong The Hong Kong Society for Rehabilitation – Honorary Treasurer Master Degree of Applied Finance – Macquarie University, Director of other subsidiaries in HSBC Group Australia Past major appointments The Hongkong and Shanghai Banking Corporation Limited – * Dr HU Zuliu, Fred Chief Accounting Officer (2006-2010) ^ HSBC Holdings plc – Senior Manager, Finance Transformation Director (2003-2006) Aged 48 Joined the Board since May 2011 HSBC Bank plc – Head of Product Control, Global Banking and Markets (1999-2003) Other major appointments China Huarong Asset Management Company – Member qualifications of the advisory board Master of Arts – King’s College, Cambridge University China Medical Board – Trustee Fellow – Chartered Institute of Management Accountants HKSAR Commission on Strategic Development – Member Member – Association of Corporate Treasurers National Center for Economic Research at Tsinghua University – Director and Professor * Dr Eric LI Ka Cheung Primavera Capital Limited – Founder and Chairman GBS, OBE, JP ^ SCMP Group Limited – Independent Non-executive Director Director ^ Shanghai Pudong Development Bank Co., Ltd. – External Aged 58 Supervisor Joined the Board since February 2000 The Nature Conservancy China Board – Co-Chairman Other position held within Hang Seng Group Yale-China Association – Trustee ^ Hang Seng Bank Limited – Chairman of Audit Committee Past major appointments Other major appointments Goldman Sachs Group Inc. – Managing Director ^ Bank of Communications Co., Ltd. – Independent Non-executive (2000 – March 2010); Chairman of Greater China Director; Chairman of Audit Committee (2008 – March 2010) ^ China Resources Enterprise, Limited – Independent Securities and Futures Commission – Member of Advisory Non-executive Director; Chairman of Audit Committee Committee (2009-2011) (Note 1) HKSAR Commission on Strategic Development – Member ^ Shanghai Pudong Development Bank Co., Ltd. – Independent Li, Tang, Chen & Co, Certified Public Accountants – Senior Partner Director (2002-2008) Long Win Bus Company Limited – Independent Non-executive qualifications Director Master of Arts and Doctor of Philosophy in Economics – ^ RoadShow Holdings Limited – Independent Non-executive Harvard University Director; Chairman of Audit Committee Master of Science in Engineering Science – Tsinghua University ^ SmarTone Telecommunications Holdings Limited – Independent Non-executive Director; Chairman of Audit Committee * Mr Jenkin HUI ^ Sun Hung Kai Properties Limited – Independent Non-executive Director; Chairman of Audit Committee Director The Financial Reporting Council – Convenor of Financial Reporting Aged 68 Review Committee Joined the Board since August 1994 The Hong Kong Jockey Club – Steward Other position held within Hang Seng Group The Hong Kong Institute of Education – Treasurer of the Council ^ Hang Seng Bank Limited – Member of Remuneration Committee The Kowloon Motor Bus Company (1933) Limited – Independent Other major appointments Non-executive Director; Chairman of Audit Committee Central Development Limited – Director The Eleventh National Committee of Chinese People’s Political Hongkong Land Holdings Limited – Director Consultative Conference – Member Jardine Matheson Holdings Limited – Director ^ Transport International Holdings Limited – Independent Jardine Strategic Holdings Limited – Director Non-executive Director; Chairman of Audit Committee Pointpiper Investment Limited – Chief Executive ^ Wong’s International (Holdings) Limited – Independent Non-executive Director; Chairman of Audit Committee 84 HANG SENG BANK ANNUAL REPORT 2011

Past major appointments # Mrs Dorothy SIT KWAN Yin Ping Hong Kong Monetary Authority – Chairman of Process Review Committee (2007-2010) Director Aged 60 The International Federation of Accountants – Board Member Joined the Board since August 2009 (2004-2006) The Legislative Council of Hong Kong – Member (1991-2004); Other positions held within Hang Seng Group Chairman of Public Accounts Committee (1995-2004) Hang Seng Bank (China) Limited – Vice Chairman; Chief Executive; Meadville Holdings Limited – Independent Non-executive Director; Chairman of Executive Committee Chairman of Remuneration Committee (2007-2010) Past major appointments qualifications The Banking Industry Training Advisory Committee – Member BA (Economics) Honours Degree – University of Manchester, UK (2006-2009); Ex-officio Member of its Sub-committee on Specification of Competency Standards Development Fellow – Hong Kong Institute of Certified Public Accountants (2007-2009) (Practising) ^ Hang Seng Bank Limited – General Manager (2005-2009); Hon Doctor of Laws – University of Manchester, UK Chief Operating Officer (2006-2009) Hon Doctor of Social Sciences – Hong Kong Baptist University The Hongkong and Shanghai Banking Corporation Limited – Hon Fellow – The Chinese University of Hong Kong joined as management trainee and held various managerial Hon Fellow – The Hong Kong Polytechnic University positions in retail banking, operations and systems, mainland Major awards China project finance, internal audit, marketing, channel Gold Bauhinia Star (2003) development and management, wealth management and retail Officer of the Most Excellent Order of the British Empire (1996) investments (1976-2003) and was Head of Personal Financial Services, Hong Kong (2004-2005) Justice of the Peace (1991) Bank of Shanghai – Director (2004-2005) EPS Company (Hong Kong) Limited – Chairman (2004-2005) # Dr Hong Sui qualification GBS, JP Master’s Degree in Business Administration – The Chinese Director University of Hong Kong Aged 63 Joined the Board since February 1999 Other major appointments * Mr Richard TANG Yat Sun APEC Business Advisory Council – Hong Kong’s Representative BBS, JP Business and Professionals Federation of Hong Kong – Director Honorary Life President Aged 59 Municipal Government – Economic Adviser Joined the Board since August 1995 ^ Great Eagle Holdings Limited – Non-executive Director Other positions held within Hang Seng Group Yangtze Council – President ^ Hang Seng Bank Limited – Member of Audit Committee Shanghai Tongji University; Shanghai University – Hang Seng Bank (China) Limited – Supervisor Advisory Professorship Other major appointments Shui On Group – Chairman Correctional Services Children’s Education Trust Investment ^ Limited – Chairman Advisory Board – Chairman ^ SOCAM Development Limited (formerly known as: Shui On Customs and Excise Service Children’s Education Trust Fund Construction and Materials Limited) – Chairman Committee – Chairman The Eleventh National Committee of the Chinese People’s Political Hong Kong Commercial Broadcasting Company Limited – Director Consultative Conference – Member Hong Kong Institute of Certified Public Accountants – Member of The Hong Kong University of Science and Technology – Disciplinary Panel A Honorary Court Chairman ^ King Fook Holdings Limited – Vice Chairman Past major appointments ^ Miramar Hotel & Investment Company, Limited – Director ^ China Telecom Corporation Limited – Independent Non-executive Richcom Company Limited – Chairman and Managing Director Director (retired in 2008) Tang Shiu Kin and Ho Tim Charitable Fund – Advisor ^ New World China Land Limited – Non-executive Director (retired qualifications in 2004) Bachelor of Science Degree in Business Administration – ^ Shui On Land Limited – Chief Executive Officer (2004-2011) Menlo College, California, USA qualification Master’s Degree in Business Administration – University of Santa Doctorate in Business Administration (honoris causa) – Clara, California, USA The Hong Kong University of Science and Technology Major awards Major awards Bronze Bauhinia Star (2000) “Ernst & Young Entrepreneur Of The Year 2009” in the China Real Justice of the Peace (1997) Estate Sector (2009) Ernst & Young China Entrepreneur Of The Year 2009 (2009) # Mr Peter WONG Tung Shun Chevalier des Arts et des Lettres by the French Government (2005) JP Director of the Year in the category of Listed Company Executive Directors by The Hong Kong Institute of Directors in 2002 (2002) Director Aged 60 Businessman of the Year award in the Hong Kong Business Joined the Board since May 2005 Awards 2001 (2001) Justice of the Peace (1999) Other major appointments ^ Bank of Communications Co., Ltd. – Non-executive Director Gold Bauhinia Star (1998) ^ Cathay Pacific Airways Limited – Independent Non-executive Director BIOGRAPHICAL DETAILS OF DIRECTORS 85

Chongqing Mayor’s International Economic Advisory Council – Notes: Member Greater Pearl River Delta Business Council – Member 1 New appointments, re-designation or cessation of appointments Hong Kong General Chamber of Commerce – Director; member of since the date of the Bank’s 2011 Interim Report or (as the case General Committee may be) the date(s) of announcement(s) for the appointment of Hong Kong Monetary Authority – Member of Exchange Fund Director(s) issued by the Bank subsequent to the date of the Advisory Committee Bank’s 2011 Interim Report. HSBC Bank (China) Company Limited – Chairman and 2 The interests of Directors in shares of the Bank, if any, within Non-executive Director the meaning of Part XV of the Securities and Futures Ordinance HSBC Bank Malaysia Berhad – Chairman and Non-executive (“SFO”) as at 31 December 2011 are disclosed in the section Director “Directors’ and Alternate Chief Executives’ Interests” of the Report ^ HSBC Holdings plc – Group Managing Director; member of Group of the Directors attached to the Bank’s 2011 Annual Report. Management Board International Advisor to the Mayor of Tianjin 3 Some Directors (as disclosed in the section “Biographical ^ Ping An Insurance (Group) Company of China, Ltd. – Details of Directors” of the Bank’s 2011 Annual Report) are also Non-executive Director Directors of HSBC Holdings plc (“HSBC”) and/or its subsidiaries. The Hongkong and Shanghai Banking Corporation Limited – HSBC, through its wholly owned subsidiaries, has an interest in Chief Executive; Executive Director the shares of the Bank under the provisions of Divisions 2 and The Hong Kong Institute of Bankers – President 3 of Part XV of the SFO, the details of which are disclosed in the The Tenth Hubei Provincial Committee of the Chinese People’s section “Substantial Interests in Share Capital” of the Report of Political Consultative Conference – Member the Directors attached to the Bank’s 2011 Annual Report. Past major appointments 4 Save as disclosed in the section “Biographical Details of ^ Hong Kong Exchanges and Clearing Limited – Member of Risk Directors” of the Bank’s 2011 Annual Report, the Directors (a) Management Committee (2010) have not held any directorships in other publicly listed companies, Hong Kong Institute for Monetary Research – Member of the whether in Hong Kong or overseas, during the last 3 years; (b) do Board of Directors (2010-2011) not hold any other positions in the Bank and its subsidiaries; and Hong Kong Monetary Authority – Member of Banking Advisory (c) do not have any other relationships with any Directors, senior Committee (2005-2010) management or substantial or controlling shareholders of the Hong Kong Trade Development Council – Chairman of Financial Bank, except that Mr Michael W K Wu’s spouse is the niece of Dr Services Advisory Committee (2006-2010) Vincent H S Lo, a Non-executive Director of the Bank. HSBC Bank Australia Limited – Non-executive Director 5 All Directors (except those Directors who are full time employees (2010-2011) of the Bank or its subsidiaries) will receive Directors’ fees in HSBC Bank (Vietnam) Ltd – Vice-Chairman and Non-executive the amounts approved from time to time by shareholders at the Director (2010-2012) (Note 1) Annual General Meetings of the Bank. The current amounts of The Hong Kong Association of Banks – Chairman (2009) Directors’ fees have been determined with reference to market qualifications rates, directors’ workload and required commitment. A Director Bachelor’s Degree in Computer Science; MBA in Marketing and will also receive a fee for duties assigned to and services provided Finance; MSc in Computer Science – Indiana University, USA by him/her as Chairman or member of various Committees of Major Award the Bank. Such fees have been determined with reference to the Justice of the Peace (2002) remuneration policy of the Bank. 6 Commencing from 1 January 2008, no Directors’ fees will be paid * Mr Michael WU Wei Kuo to those Directors who are full time employees of the Bank or its Director subsidiaries. The salary packages of such Directors have been Aged 41 determined with reference to the remuneration policy of the Bank. Joined the Board since September 2010 Such Directors are also entitled to discretionary bonus. Other major appointments 7 The details of the emoluments of the Directors on a named basis Hongkong Caterers Limited – Executive Director and Company are disclosed in Note 19 of the Bank’s Financial Statements as Secretary contained in the Bank’s 2011 Annual Report. Hong Kong Retail Management Association – Executive Committee Member 8 None of the Directors, except Mr Andrew H C Fung has signed Maxim’s Caterers Limited – Chairman and Managing Director service contracts with the Bank. However, the Bank’s Articles of Association provide that each Director is required to retire by The Community Chest of Hong Kong – Board Member rotation once every three years and that one-third (or the number The Hong Kong University of Science and Technology – Council nearest to one-third) of the Directors shall retire from office every Member year at the Bank’s Annual General Meeting. A Director’s specific qualification term of appointment, therefore, cannot exceed three years. Every Bachelor of Science in Applied Mathematics and Economics – retiring Director shall be eligible for re-election or election at the Brown University, USA Annual General Meetings of the Bank. Major Award 9 Biographical details of Directors of the Bank are also available on “Executive Award” of the DHL/SCMP Hong Kong Business Awards (2008) the website of the Bank (www.hangseng.com).

* Independent Non-executive Directors # Non-executive Directors ^ The securities of these companies are listed on a securities market in Hong Kong or overseas.