New World Development: Recently, the media mentioned matters related to Feng Xiuyan. The company is currently reviewing and will take appropriate follow-up actions
Sun Hung Kai Properties (00016.HK) announced that Feng Xiuyan has resigned as executive director for health reasons, effective immediately.
Sun Hung Kai Properties stated that suitable colleagues have been arranged to take over his duties, and all related work and daily operations are proceeding as usual. Regarding the matters mentioned in recent media reports, Sun Hung Kai Properties is currently reviewing and will take appropriate follow-up actions. Earlier reports indicated that Feng Xiuyan was involved in a corruption incident related to the operation of mainland shopping malls and was suspended by Sun Hung Kai Properties last week
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