As disclosed in the Annual Report 2022 issued by the Company on 13 April 2023, Datin Ngiam Pick Ngoh, Linda will retire as a Director of the Company by rotation pursuant to Clause 84 of the Company’s Constitution after the conclusion of the 59th Annual General Meeting (“59th AGM”) of the Company which is scheduled for 12 May 2023.

Datin Linda Ngiam was appointed to the Board as an Independent Director on 3 December 2012. She also served as a member of the Nomination & Remuneration Committee (“NRC”) and the Audit & Risk Management Committee (“ARMC”) of the Company. She has played an instrumental role in providing valuable guidance and insights in the Group’s strategic matters in particular on stakeholder communications, ESG / sustainability, people developments and corporate governance. The Board of Directors and Management would like to convey their heartfelt gratitude and appreciation to Datin Linda Ngiam for her commitments and invaluable contributions as a long-serving member of the Board and the Board Committees.

Datin Linda Ngiam will be succeeded by Carmen Chua who will be appointed as an Independent Director of the Company with effect from 13 May 2023, a day after the 59th AGM. Carmen Chua will also be appointed as a member of the NRC and ARMC upon the retirement of Datin Linda Ngiam.

Carmen Chua is the Chief Executive Officer of ONE IFC Sdn Bhd, the developer of the St. Regis Hotel and Residences Kuala Lumpur; and the Managing Director of ONE KLCC Sdn Bhd, the developer of ONE KL condominium. She also sits on the Board of various companies within the CMY Capital Group and she is a Trustee of Amanah Warisan Negara, a National Public Trust founded by Khazanah Nasional Berhad with the objectives of undertaking projects involving the rejuvenation, rehabilitation and/or operations of selected public spaces together with heritage assets of national significance. Carmen was a member of the Blue Ocean Corporate Council (May 2017 – May 2018) whose initiatives include the MyApprenticeship programme, offering students the opportunity for hands-on training and employment post-graduation. She also served as a Trustee of Yayasan Hijau (November 2014 – August 2018) focusing on promoting, developing and improving education on energy efficiency, green technology applications and green lifestyle practices and a Director of the Kuala Lumpur Business Club from 2009 to 2012.

Carmen graduated with a Bachelor of Science in Economics with First Class Honours from the London School of Economics and Political Science, United Kingdom, in 2004.

With her extensive leadership and in-depth management experience in the hospitality industry, the Board is confident that Carmen will be able to bring fresh perspectives and further diversity to the Board. The Company will make the necessary announcements on the above changes in the Boardroom, once the changes take effect.

This announcement is dated 8 May 2023.