Annual Report 2021

101 Report of the Directors Miramar Hotel and Investment Company, Limited Annual Report 2021 Audit Committee The Audit Committee has reviewed the financial results of the Group for the year ended 31 December 2021 and discussed with the Assistant Director of Audit, Risk & Corporate Services and independent external auditors regarding matters on auditing, internal control, risk management and financial report of the Group. Auditor KPMG retire and, being eligible, offer themselves for re-appointment. A resolution for the re-appointment of KPMG as auditor of the Company until the conclusion of the next Annual General Meeting is to be proposed at the forthcoming 2022 Annual General Meeting. Forward-Looking Statements This annual report contains certain statements that are forward-looking or which use certain forward- looking terminologies. These forward-looking statements are based on the current beliefs, assumptions and expectations of the Board of Directors of the Company regarding the industry and markets in which it operates. These forward-looking statements are subject to risks, uncertainties and other factors beyond the Company’s control which may cause actual results or performance to differ materially from those expressed or implied in such forward-looking statements. By Order of the Board LEE KA SHING Chairman and CEO Hong Kong, 18 March 2022