News

CapitaLand Malaysia Mall REIT Management Sdn. Bhd. (“CMRM” or the “Company”), as manager of CapitaLand Malaysia Mall Trust, wishes to announce the following changes to the Board and Audit Committee which will take effect from 1 October 2020:

1.   Appointment of Mr Lui Chong Chee as Independent Non-Executive Director and a member of the Audit Committee of CMRM

Mr Lui Chong Chee has extensive financial and business leadership experience from major listed companies in Singapore. He recently retired in December 2019 from his role as Group Chief Executive Officer, Managing Director and Executive Director of Far East Orchard Limited after 5 years of service. Prior to that, he was Chief Financial Officer of Raffles Medical Group Ltd from 2010 to 2014, where he was responsible for its financial management and business development. Between 2001 to 2010, he worked for the CapitaLand Group, when he held various senior management positions in finance and business.  Prior to joining the CapitaLand Group, Mr Lui was Managing Director and Senior Vice President, Capital Markets Group of Citicorp Investment Bank (Singapore) Limited.

2.   Appointment of En Mohd Yusof Bin Hussian as Independent Non-Executive Director and a member of the Audit Committee of CMRM

Encik Yusof has relevant accounting and financial management expertise and experience to serve on the Board. He joined Shell Malaysia in 1986 and held various positions within the company which included Internal Auditor, Treasury, Finance and Services Manager, and Procurement Contract Manager before he retired as Special Project Manager in 1999. He started his career with Coopers & Lybrand from 1971 to 1976 as an external auditor, after which he joined PTM Thompson Advertising Sdn Bhd, an affiliate of J. Walter Thompson Group in USA, where he served as Finance and Administration Manager cum Company Secretary until 1986.

Presently, he is the Independent Non-Executive Chairman of Tune Insurance Malaysia Berhad and Non-Executive Director of NanoMalaysia Berhad.

3.   Resignation of Mr Ng Chih Kaye and YBhg Dato’ Mohammed Bin Haji Che Hussein as Independent Non-Executive Directors and cessation as Members of the Audit Committee of CMRM

Mr Ng Chih Kaye and YBhg Dato’ Mohammed Bin Haji Che Hussein are stepping down as Independent Non-Executive Directors of CMRM with effect from 1 October 2020. Mr Ng and YBhg Dato’ Mohammed will also relinquish their positions as Members of the Audit Committee of CMRM.  

The Chairman and Directors of CMRM would like to extend their thanks and appreciation to Mr Ng and YBhg Dato’ Mohammed for their contributions to the Company.

Following the aforesaid changes, the Board of Directors and Audit Committee of the Company will comprise the following members with effect from 1 October 2020:

Board of Directors

Mr David Wong Chin Huat, Chairman and Independent Non-Executive Director

Ms Low Peck Chen, Non-Independent Executive Director

Tuan Haji Rosli bin Abdullah, Independent Non-Executive Director

Mr Lui Chong Chee, Independent Non-Executive Director

En Mohd Yusof Bin Hussian, Independent Non-Executive Director

Mr Tan Boon Peng, Independent Non-Executive Director

Mr Yap Neng Tong, Non-Independent Non-Executive Director

Mr Lim Cho Pin Andrew Geoffrey, Non-Independent Non-Executive Director

Audit Committee

Tuan Haji Rosli Bin Abdullah (Chairman)

Mr Lui Chong Chee

En Mohd Yusof Bin Hussian

Mr Lim Cho Pin Andrew Geoffrey

The detailed template announcements pursuant to Paragraph 9.19 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), in relation to the above changes, are being released separately to Bursa Malaysia.

This announcement is dated 30 September 2020.