The Board of Directors of IB ("Board") wishes to announce that on 16 April 2018, Mr Fung Ling Yip, Mr Chow Yun Cheung and Ms Lu Zhi Qin were appointed as members of the Remuneration Committee while Ms Liu Wing Yee Amy was resigned as members of the Remuneration Committee.

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

Members

1) Fung Ling Yip (Chairman, Independent Non-Executive Director)

2) Lu Zhi Qin (Member, Independent Non-Executive Director)

3) Chow Yun Cheung (Member, Non-Independent Non-Executive Director)

This announcement is dated 17 April 2018.