Hong Kong-listed New World Development Co. Ltd. appointed Sitt Nam-Hoi and So Chung-Keung as executive directors, and Ip Yuk-Keung as independent nonexecutive director, effective June 1.
Sitt is the senior director of the project management department of the company and director of certain units, while So serves as a director and CEO of New World China Land Ltd., and director of certain subsidiaries of the group.
Ip serves as an independent nonexecutive director of Hopewell Holdings Ltd., TOM Group Ltd., Power Assets Holdings Ltd. and Lifestyle International Holdings Ltd., and executive director and CEO of LHIL Manager Ltd.
Sitt and So will serve as members of the executive committee, while Ip will serve on the audit and the nomination committee of the company.
The company also redesignated Ki Man-Fung to nonexecutive director from executive director.
