Appointment of Mr Alec Tsui Yiu Wa As Hong Kong Exchanges And Clearing Limited (HKEC) Chief Operating Officer

The board of the Hong Kong Exchanges and Clearing Limited (HKEC) announced today (Wednesday) the appointment of Mr Alec Tsui Yiu Wa as the Chief Operating Officer of the company. Mr Tsui will take up his new appointment on March 6, 2000. The appointment has received approval from the Securities and Futures Commission as required under the Exchanges and Clearing Houses (Merger) Ordinance.