ADDITIONAL INFORMATION ON DIRECTORS SEEKING RE-ELECTION AT THE 61ST ANNUAL GENERAL MEETING ADDITIONAL INFORMATION ON DIRECTORS SEEKING RE-ELECTION AT THE 61ST ANNUAL GENERAL MEETING Information in the table below is as at 29 February 2024 (Latest Practicable Date) Name of Director/age MR KWEK LENG BENG, 83 MR SHERMAN KWEK EIK TSE, 47 MR LEE JEE CHENG PHILIP, 64 MS CHAN SWEE LIANG CAROLINA (CAROL FONG), 62 Date of appointment 1 October 1969 15 May 2019 4 January 2021 29 December 2020 Whether appointment is executive, and if so, the area of responsibility Yes Executive Chairman Yes Group Chief Executive Officer No Non-Executive Independent No Non-Executive Independent Job Title Chairman of the Board and a member of Nominating Committee (“NC”) Chairman of Board Sustainability Committee Lead Independent Director, Chairman of the Audit & Risk Committee (“ARC”), a member of the NC and Remuneration Committee (“RC”) Chairman of the RC and a member of the ARC Date of last re-election as Director (if applicable) 28 April 2022 28 April 2022 30 April 2021 30 April 2021 Country of principal residence Singapore Singapore Singapore Singapore The Board's comments on the re-appointment (including rationale, selection criteria, and the search and nomination process) The Board reviewed the recommendation of the NC on the re-election of Mr Kwek Leng Beng, Mr Sherman Kwek Eik Tse, Mr Lee Jee Cheng Philip and Ms Chan Swee Liang Carolina (Carol Fong) as Directors of City Developments Limited (“CDL” or the “Company”), and took into account, inter alia, their respective backgrounds, qualifications, experiences, independence (except for Mr Kwek Leng Beng and Mr Sherman Kwek Eik Tse) and contribution to the effectiveness of the Board as well as their time commitment especially for Directors who have multiple board representations and/or other principal commitments. The Board recommends the re-election of Mr Kwek Leng Beng, Mr Sherman Kwek Eik Tse, Mr Lee Jee Cheng Philip and Ms Chan Swee Liang Carolina (Carol Fong) as Directors of the Company. For more details on the NC’s evaluation process, please refer to Principle 4: Board Membership and Principle 5: Board Performance on pages 45 to 47 of the Annual Report. The Board reviewed the recommendation of the NC on the re-election of Mr Kwek Leng Beng, Mr Sherman Kwek Eik Tse, Mr Lee Jee Cheng Philip and Ms Chan Swee Liang Carolina (Carol Fong) as Directors of City Developments Limited (“CDL” or the “Company”), and took into account, inter alia, their respective backgrounds, qualifications, experiences, independence (except for Mr Kwek Leng Beng and Mr Sherman Kwek Eik Tse) and contribution to the effectiveness of the Board as well as their time commitment especially for Directors who have multiple board representations and/or other principal commitments. The Board recommends the re-election of Mr Kwek Leng Beng, Mr Sherman Kwek Eik Tse, Mr Lee Jee Cheng Philip and Ms Chan Swee Liang Carolina (Carol Fong) as Directors of the Company. For more details on the NC’s evaluation process, please refer to Principle 4: Board Membership and Principle 5: Board Performance on pages 45 to 47 of the Annual Report. Professional qualification Law degree, LL.B. (London) Fellow of The Institute of Chartered Secretaries and Administrators Honorary Doctorate of Business Administration in Hospitality from Johnson & Wales University (Rhode Island, US) Honorary Doctorate from Oxford Brookes University (UK) Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology from Boston University Fellow the Institute of Singapore Chartered Accountants Fellow Member of Association of Chartered Certified Accountants, United Kingdom Bachelor of Arts Degree from the National University of Singapore Diploma in Personnel Management from National Productivity Board Executive Diploma in Directorship from Singapore Management University- Singapore Institute of Directors ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 285 284 OTHER INFORMATION OTHER INFORMATION
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