[ET Net News Agency, 16 March 2018] CK Hutchison Holdings (00001) and CK Asset Holdings
(01113) said Li Ka-shing will retire from his position as Chairman and Executive Director
and member of the Remuneration Committee, with effect from the conclusion of the annual
general meeting of the company to be held on 10 May.
Li has agreed to serve as Senior Advisor of the two companies and in that capacity to
continue to contribute to the Group on significant matters at an annual advisory fee of
HK$5,000, same amount as his current Director's fees.
The Board of CKH Holdings and CK Asset has proposed and elected, with effect from the
conclusion of the 2018 AGM, Li Tzar Kuoi, Victor, who has worked at the CK Group for 33
years, to succeed as Chairman and member of the Remuneration Committee whilst continuing
with his present role as Group Co-Managing Director. (HL)