New City Development Group Limited released an update on 21 May 2026 detailing the composition of its Board of Directors and the three key board committees.

The seven-member Board consists of three executive directors and four independent non-executive directors. Chairman and Chief Executive Officer Han Junran heads the executive team alongside Luo Min and Luo Zhen. Independent oversight is provided by Dr. Ouyang Qingru, Wong Kan Wai, Wong Pak Wing and Lam Chi Cheung Albert.

Committee structures remain fully compliant with Hong Kong corporate governance guidelines:

1. Audit Committee – chaired by independent director Wong Kan Wai, with fellow independent directors Wong Pak Wing and Lam Chi Cheung Albert serving as members.

2. Remuneration Committee – led by Lam Chi Cheung Albert; additional members are Chairman/CEO Han Junran and independent director Wong Pak Wing.

3. Nomination Committee – chaired by Han Junran, with independent directors Wong Kan Wai, Wong Pak Wing and Lam Chi Cheung Albert completing the panel.

The announcement confirms clear separation of executive control and independent oversight, with independent directors chairing both the Audit and Remuneration Committees, while the Chairman oversees the Nomination Committee to manage succession planning.