The Board of Directors of IB ("Board") wishes to announce that following the resignations of Mr Leung Kwok Kuen Jacob Huang and Mr Tsui Kwok Ho as Independent Non-Executive Directors of the Company effective from 23 February 2018, they had ceased as members of the Remuneration Committee.

The composition of the Remuneration Committee after the aforesaid changes is as follows:-

Member

Liu Wing Yee Amy (Executive Director)

This announcement is dated 28 February 2018.