Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the Government's appointment of the eight Directors representing public and market interests to the Board. They will join the six directors elected by shareholders, and Mr Kwong Ki-chi, HKExs' Chief Executive as an ex-officio member, to form the inaugural board. The appointment of the directors appointed by the Government and those elected at the HKEx EGM held on 27 March will take effect on April 3, 2000. The inaugural board will hold its first meeting soon to elect a Chairman.