News

CapitaMalls Malaysia REIT Management Sdn. Bhd. (“CMRM” or the “Company”), as manager of CapitaMalls Malaysia Trust, wishes to announce the following Board and Board committee changes with effect from 1 November 2014: -
 
(a) Appointment of Ms Low Peck Chen as Non-Independent Executive Director and Chief Executive Officer (“CEO”) of the Company and a member of the Executive Committee of CMRM
 
Ms Low Peck Chen has been appointed as Non-Independent Executive Director and Chief Executive Officer of the Company, such appointment to take effect from 1 November 2014. In addition, Ms Low has been appointed as a member of the Executive Committee of CMRM which appointment shall also take effect on 1 November 2014.

Currently, Ms Low is the deputy CEO of CMRM. Prior to assuming her current position, Ms Low was Head of Finance of the Company since October 2011.  She has more than 14 years of experience in finance and accounting.  She has also actively participated in corporate fund raising in the capital and debt markets and successfully brokered numerous financing and refinancing deals. She was part of the core team that spearheaded the listing of CapitaMalls Malaysia Trust on the Main Market of Bursa Malaysia Securities Berhad.
 
The Board is confident that with Ms Low's experience in the Company, she will add value to the business of CapitaMalls Malaysia Trust.
 
(b) Resignation of Ms Sharon Lim Hwee Li as Non-Independent Executive Director and Chief Executive Officer of the Company and cessation as a member of the Executive Committee of CMRM
 
Ms Sharon Lim Hwee Li will relinquish her role as Non-Independent Executive Director and Chief Executive Officer of the Company due to personal reasons. She has served in that role since 15 April 2010 and has nurtured internal talent for succession planning for the leadership role. She will facilitate transition to the new management until the end of 2014.
 
Following her resignation, Ms Lim will cease to be a member of Executive Committee of CMRM on 1 November 2014.
 
Concurrently, Ms Low Peck Chen will cease to be Alternate Director to Ms Lim.
 
The Board of Directors of CMRM would like to extend their thanks and appreciation to Ms Lim for her contributions.

Following the aforesaid changes, the Board of Directors and Executive Committee of the Company will comprise the following members with effect from 1 November 2014:

Board of Directors

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

Tuan Haji Rosli bin Abdullah, Independent Non-Executive Director

Mr Foo Wei Hoong, Non-Independent Non-Executive Director

Mr Ho Chee Hwee Simon, Non-Independent Non-Executive Director

Mr Jason Leow Juan Thong, Alternate Director to Mr Ho Chee Hwee Simon and Mr Ng Kok Siong, Non-Independent Non-Executive Director

Mr Ng Chih Kaye, Independent Non-Executive Director

Mr Ng Kok Siong, Non-Independent Non-Executive Director

Ms Tan Siew Bee, Independent Non-Executive Director

Mr Peter Tay Buan Huat, Independent Non-Executive Director

Ms Low Peck Chen, Non-Independent Executive Director and Chief Executive Officer

Executive Committee

Mr Ho Chee Hwee Simon, Chairman and Non-Independent Non-Executive Director

Mr Ng Kok Siong, Member and Non-Independent Non-Executive Director

Ms Low Peck Chen, Member and Non-Independent Executive Director

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 8 October 2014.