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APT Satellite : PROPOSED RE-ELECTION OF RETIRING DIRECTORS AND PROPOSED APPOINTMENT OF NEW AUDITOR AND PROPOSED GRANTING OF GENERAL MANDATES TO REPURCHASE SHARES AND TO ISSUE SHARES AND NOTICE OF ANNUAL GENERAL MEETING

2. PROPOSED RE-ELECTION OF RETIRING DIRECTORS In accordance with Bye-law 87 of the Bye-laws, Dr. Lui King Man, Mr. Cui Liguo and Mr. Lim Toon shall retire at the Annual General Meeting. All of the above retiring Directors, being eligible, will offer themselves for re-election at the Annual General Meeting. Dr. Lui King Man and Mr. Cui Liguo, who have been serving as Independent Non-executive Directors of the Company for more than 9 years, have confirmed their independence with reference to the factors set out in Rule 3.13 of the Listing Rules. The Company considers Dr. Lui and Mr. Cui are still independent in accordance with the independence guidelines set out in the Listing Rules and will continue to bring valuable business experience, knowledge and professionalism to the Board for its efficient and effective functioning.

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Philips provides update on composition of its Supervisory Board and proposes reappointment of Marnix van Ginneken as member of its Board of Management

Philips provides update on composition of its Supervisory Board and proposes reappointment of Marnix van Ginneken as member of its Board of Management
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Royal Philips: Philips provides update on composition of its Supervisory Board and proposes reappointment of Marnix van Ginneken as member of its Board of Management

(2) February 23, 2021 Current Chairman Jeroen van der Veer and Vice-Chairwoman Mrs. Christine Poon to retire from Philips Supervisory Board after their third consecutive term, effective upon closing of the 2021 Annual General Meeting of Shareholders Mrs. Orit Gadiesh, Philips Supervisory Board member since 2014, to step down Philips Supervisory Board appoints Feike Sijbesma as its Chairman and Paul Stoffels as its Vice-Chairman Mrs. Chua Sock Koong and Mrs. Indra Nooyi to be proposed as new members of the Supervisory Board Philips Chief Legal Officer Marnix van Ginneken proposed for reappointment as a member of Philips Board of Management Amsterdam, the Netherlands - Royal Philips(NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that its Supervisory Board has appointed Feike Sijbesma as the Supervisory Board s new Chairman, effective upon the closing of Philips 2021 Annual General Meeting of Shareholders (AGM) on May 6, 2021. Mr. Sijbesma

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