XN000022-1997-03-20 — Page 3

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Board of Directors for HK Mortgage Corporation appointed

The Hong Kong Monetary Authority (HKMA) announced today (Thursday) that the Financial Secretary has appointed the Directors of the Hong Kong Mortgage Corporation Limited (HKMC). The composition of the Board is as follows:-

Mr Donald Y K Tsang

Financial Secretary

(Chairman)

Mr Joseph C K Yam

Chief Executive,

Hong Kong Monetary Authority

(Deputy Chairman)

Mr Ronald J Arculli

Mr Alex M C Au

Mr Eddy C Fong

Mr Tom Y Hsiao

Dr Huang Chen-ya

Mr Edwin C K Lau

Mr David K P Li

Mr Ngan Kam-chuen

Ms Anna HY Wu

Mr Rafael SY Hui Secretary for Financial Services

Mr Dominic S W Wong Secretary for Housing