The Chief Executive Officer of the Manager is responsible for working with the Board to determine the strategy for Prosperity REIT. The Chief Executive Officer works with the other members of the Manager’s management team to ensure that Prosperity REIT is operated in accordance with the Manager’s stated investment strategy. Additionally, the Chief Executive Officer is responsible for planning the strategic development of Prosperity REIT and the dayto-day operations of the Manager. He supervises the Manager’s management team to ensure that Prosperity REIT operates in accordance with the stated strategy, policies and regulations.

Details of Mr. Yip working experience are set out in the section “Board of Directors” above.

WONG Lai Hung is the Senior Manager, Asset and Investment Management, of the Manager. She is responsible for formulating the business plans of Prosperity REIT’s properties with short, medium and long-term objectives, and with a view of maximizing the rental income of Prosperity REIT via active asset management. She is also responsible for identifying and evaluating potential acquisitions or investments consistent with Prosperity REIT’s investment strategy.

Ms. Wong has 12 years of experience in the industry. Prior to joining the Manager, she was the Deputy Manager (Leasing) for New World Development Company Limited responsible for the marketing of offi ce and industrial buildings and overseeing the Landlord profi t and loss account.

Prior to that, Ms. Wong worked in the Leasing Department of Cheung Kong from 1997 to 2004 and was the Assistant Leasing Manager from 2003 to 2004. Her duties with Cheung Kong included marketing of commercial projects. Among the projects handled by Ms. Wong were the marketing of three buildings of The Properties: Modern Warehouse, Prosperity Center and Trendy Centre.

Ms. Wong began her career with Yaohan Department Store (HK) Limited as an Assistant Executive Offi cer in the Development Department where she was involved in handling the lease negotiation for new stores and tenancy renewals for existing stores. From 1995 to 1997, she was an Administrative Offi cer with Goodwill Management Limited (a wholly-owned subsidiary of Henderson Land Development Co. Ltd). Ms. Wong had also worked in Jardine Matheson & Co Limited as an Assistant Property Manager before moving on to work with Cheung Kong.

Ms. Wong holds a Bachelor of Arts degree from the Chinese University of Hong Kong, a Postgraduate Certifi cation in HK Law from City University of Hong Kong and a Diploma in Property Development from SPACE, University of Hong Kong.

Mr. Cheung is primarily responsible for the financial management and compliance issues of Prosperity REIT. He has over 13 years of experience in audit and finance areas.

From 2000 to 2006, Mr. Cheung was the Chief Financial Controller and Company Secretary of Joinn Holdings Limited, a company listed on the Singapore Stock Exchange.  He was in charge of the accounting and finance functions of the group.   He also performed company secretarial duties to ensure compliance with all legal and listing requirements and helped to ensure proper corporate governance. Mr. Cheung also helped to manage Joinn’s Initial Public Offering in Singapore and was responsible for helping with the spinning-off of one associate company on the Hong Kong Stock Exchange’s Growth Enterprise Market.

Prior to joining Joinn, Mr. Cheung served as an auditor with Messrs. Ernst & Young (Hong Kong) from 1995 to 2000 and also with Messrs. Kwan, Wong, Tan & Fong (which has since merged with Deloitte Touche Tohmatsu) from 1993 to 1994.

Mr. Cheung is a Certified Public Accountant in Hong Kong and a fellow of the Association of Chartered Certified Accountants. He is also an associate of the Hong Kong Institute of Certified Public Accountants, and of the Taxation Institute of Hong Kong.  He graduated from Lingnan University with an Honours diploma in Accountancy in 1993.

Miss Yu is primarily responsible for the development of public relations strategies and the management of all communications with the investors of Prosperity REIT.  Miss Yu has six years of experience in the finance industry.

Prior to joining the Manager, Miss Yu worked for Standard & Poor’s Investment Services as Financial Journalist from 2002 to 2006. During that period, she assisted in the stock research of financial institutions (real estate, banking) across Asia, focusing primarily on the Hong Kong market. She also offered daily analysis on the region’s equity markets (China, Taiwan, Japan, Korea) and provided views on the latest stock movements.

Miss Yu started her financial career in 2000 with Infocast Financial Newswire as a reporter. Her main duties were to report on Hong Kong’s financial and economic news and to conduct interviews with company management.  Miss Yu holds a Master of Journalism degree from the University of Wollongong, Australia.

Miss Chin is responsible for reviewing the accuracy and completeness of the records of operations and transactions of Prosperity REIT, and the proper functioning of the Manager’s internal control system.

Prior to joining the Manager, Miss Chin was the Senior Internal Auditor of Lotus International Limited from 2005 to 2006. She was responsible for formulating and executing annual audit plan, performing operational and financial audit reviews and risk assessments on various key business processes, as well as internal control reviews and other consulting assignments within the group.

Prior to that, Miss Chin worked for Ernst & Young’s Assurance & Advisory Business Services Department from 2001, where she was responsible for providing assurance services and conducting audit engagements to examine and attest clients’ financial statements.

Miss Chin holds a Bachelor of Accounting and Finance degree from the University of Hong Kong.  She is a member of the Hong Kong Institute of Certified Public Accountants and a Certified Internal Auditor with The Institute of Internal Auditors.

Miss Au is the Legal & Compliance Manager of the Manager (eff ective from 19 March 2007). She is responsible for ensuring that the Manager complies with the Trust Deed, the REIT Code, the Listing Rules, the rules and regulations of the Stock Exchange (where applicable), the SFO, and other applicable laws, regulations and rules. She is also responsible for overseeing all legal issues arising from the operation of the Manager.

Prior to joining the Manager, Miss Au was a solicitor in private practice for over eight years. She holds a Bachelor of Laws degree and Postgraduate Certifi cate in Laws. Apart from being a solicitor of Hong Kong Special Administrative Region, she is also an associate of the Chartered Institute of Arbitrators, East Asia Branch.

Mr. Chan is responsible for formulating the business plans of Prosperity REIT’s properties with short, medium and long-term objectives, and with a view of maximizing the rental income of Prosperity REIT’s properties via active asset management.  Mr. Chan has over 10 years of experience in the real estate industry.

Prior to joining the Manager, he was the Assistant Marketing Manager for The Great Eagle Estate Agents Limited, responsible for the marketing and leasing of commercial buildings in Central and Wanchai districts.

Prior to that, Mr. Chan was the Senior Marketing Officer (from Marketing Officer) of Hutchison Whampoa Properties Limited from 2001 to 2005 and his duty was marketing and leasing of commercial buildings in Central and Hunghom districts.  Mr. Chan began his career with Savills (Hong Kong) Limited as an assistant valuer (to valuer) from 1996 to 2001.