LEE JEE CHENG PHILIP Lead Independent Director FIRST APPOINTMENT AS DIRECTOR 4 January 2021 LAST RE-ELECTION AS DIRECTOR 30 April 2021 Will be seeking re-election at the 2024 AGM BOARD COMMITTEES A N R PRESENT DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS • ComfortDelGro Corporation Limited* (Director, Audit and Risk Committee Chairman and Nominating and Remuneration Committee Member) OTHER APPOINTMENTS • Singapore Agro-Food Enterprises Federation Limited (Governing Council Member) • Tech For Good Institute Limited (Board Member) PAST DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS HELD IN THE PRECEDING FIVE YEARS • Nil PHILIP YEO LIAT KOK Non-Independent | Non-Executive Director FIRST APPOINTMENT AS DIRECTOR 11 May 2009 LAST RE-ELECTION AS DIRECTOR 26 April 2023 BOARD COMMITTEES Nil PRESENT DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS • Economic Development Innovations Singapore Private Limited (EDIS) (Chairman) • Accuron Technologies Limited (Chairman) • Advanced MedTech Holdings Pte. Ltd. (Chairman) • Sunway Berhad* (Director) • QAF Limited* (Director, Vice Chairman) OTHER APPOINTMENTS • Nil PAST DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS HELD IN THE PRECEDING FIVE YEARS • Kerry Logistics Network Limited* (Independent Director) • Baiterek National Managing Holding JSC, Kazakhstan Mr Yeo is the Chairman of Economic Development Innovations Singapore Pte Ltd (EDIS) which provides strategic advice and undertakes the development and management of integrated industrial and urban areas with an emphasis on job creation and industrial cluster development. He is also the Chairman of Accuron Technologies Pte Ltd, an aerospace and precision engineering company and Advanced Medtech Pte Ltd, a leader in urology devices and services. Mr Yeo is also an independent Director of Sunway Berhad and QAF Limited, which are listed on Bursa Malaysia and Singapore Exchange Securities Trading Limited (“SGX-ST”) respectively. Mr Yeo received the Singapore Public Administration Medal (Silver) in 1974, the Public Administration Medal (Gold) in 1982, the Meritorious Service Medal in 1991 and the Order of Nila Utama (First Class), Singapore’s most prestigious National Day Awards in 2006. He also received the Order of the Rising Sun, Gold and Silver Star from Government of Japan (2007) and the Distinguished Service (Star) award from the Singapore Labour Movement, National Trade Union Congress (2008). Mr Kwek assumed his current role as CDL's Group Chief Executive Officer in January 2018 and was appointed as an Executive Director in May 2019. He also holds the position of Executive Chairman of CDL China Limited. He was previously the Deputy CEO and prior to that, concurrently the Chief Investment Officer of CDL and the CEO of CDL China Limited. He has been spearheading the Group's expansion in Singapore, China, Japan, Australia and the United Kingdom for over a decade. Prior to joining CDL, Mr Kwek was the CEO of City e-Solutions Limited, a Hong Kong-listed company that was formerly a subsidiary of the Group, and before that, the Chief Operating Officer of Thakral Corporation Ltd. and an Executive Director of HL Global Enterprises Limited, both listed companies in Singapore. In the earlier part of his career, he had worked in technology venture capital, investment banking, hospitality management and real estate private equity. Since 2019, Mr Kwek has served as a member of two subcommittees of Business China. In June 2020, he was appointed to the Board of Trustees of the Chinese Development Assistance Council, and in 2021, he was appointed as a member of the Property Committee of Singapore Health Services Pte Ltd (SingHealth). In 2022, he was appointed to the Board of the manager for Singapore-listed IREIT Global and appointed as a member of the Advisory Board for the National Youth Achievement Award. In October 2023, Mr Kwek was appointed to the Board of SingHealth and in January 2024, he was appointed as the Chairman of the Property Committee of SingHealth as well as a member of MOH Holdings' Healthcare Infrastructure and Planning Committee. He graduated from Boston University with a Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology, and has worked in New York, Hong Kong, Shanghai and Singapore. ONG LIAN JIN COLIN Independent Non-Executive Director FIRST APPOINTMENT AS DIRECTOR 7 October 2020 LAST RE-ELECTION AS DIRECTOR 28 April 2022 BOARD COMMITTEES N R PRESENT DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS • Great Eastern Financial Advisers (Executive Senior Director) OTHER APPOINTMENTS • Nil PAST DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS HELD IN THE PRECEDING FIVE YEARS • Nil Mr Ong is the Founder of Advisors’ Clique and Executive Senior Director of Great Eastern Financial Advisers, a position he has held since 2011. A veteran in the financial services industry with more than 30 years of experience, he has achieved the Million Dollar Round Table (MDRT) 29 times since 1993 and achieved the Top of the Table in 2020, 2022 and 2023. He is also a member of its prestigious MDRT Quarter Century Club. Mr Ong was a recipient of the Centennial Award by Great Eastern Life in 2008, an accolade awarded during its 100th anniversary in recognition of his contributions to the company. He was conferred the IBF Fellow award from the Institute of Banking and Finance and was named Asia’s Inspirational Leader of the Year by the Asia Insurance Review in 2015. Advisors' Clique, the 1,000-strong organisation which Mr Ong founded, is the only recipient of the International Dragon Award 100 in Great Eastern Life for the past five consecutive years. Mr Ong holds a Bachelor of Arts & Social Sciences from the National University of Singapore. He is also a Chartered Life Underwriter and Chartered Financial Consultant. DANIEL MARIE GHISLAIN DESBAILLETS Independent Non-Executive Director FIRST APPOINTMENT AS DIRECTOR 20 November 2020 LAST RE-ELECTION AS DIRECTOR 26 April 2023 BOARD COMMITTEES R S PRESENT DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS • FreshCreation Holdings Pte. Ltd. (Executive Chairman) • Salad Stop Pte. Ltd. (Executive Chairman) OTHER APPOINTMENTS • Nil PAST DIRECTORSHIPS IN OTHER LISTED COMPANIES* AND PRINCIPAL COMMITMENTS HELD IN THE PRECEDING FIVE YEARS • Millennium & Copthorne Hotels plc (Independent, Non-Executive Director) (delisted and privatised in 2019 and now known as Millennium & Copthorne Hotels Limited) Mr Desbaillets has an extensive portfolio in the hospitality industry with 45 years of experience. He was appointed to the Board of Millennium and Copthorne Hotels plc (prior to its privatisation) in 2016 as an Independent Non-Executive Director and had served in the Audit & Risk, Remuneration and Risk Committees. In 2010, he was the Independent Non-Executive Director of M&C REIT Management Limited, the manager of CDL Hospitality Real Estate Investment Trust (H-REIT) and also of M&C Business Trust Management Limited, the trustee-manager of CDL Hospitality Business Trust (HBT) and had served in the Nominating and Remuneration Committees. Both H-REIT and HBT are comprised as a stapled group in CDL Hospitality Trusts, which is listed on the SGX-ST. Since 1973, he has been holding senior positions with international hotel chains including InterContinental Hotel Group, Hilton, Shangri-La, Millennium & Copthorne Hotels Group, Fullerton Hotels and Resorts and TCC Hotels Thailand and has worked in various countries around the world. His responsibilities in the Corporate offices included regional hotel operations, finance, marketing, human resource, food & beverage (F&B) and asset management. Currently, Mr Desbaillets is the Executive Chairman of family-owned businesses in the F&B industry, FreshCreation Holdings Pte. Ltd. and Salad Stop Pte. Ltd., which have 86 outlets in Singapore, Indonesia, Philippines, Hong Kong, South Korea, Vietnam, Thailand and Spain that are owned, franchised and under joint ventures. He holds a Diploma in Commercial Studies from Ecole Benedict Geneva, Switzerland and a Certificate with Distinction in Service, Food Production and Administration from Lausanne Hotel School, Switzerland. Mr Desbaillets is also a member of the Singapore Institute of Directors. Mr Yeo holds a Bachelor of Applied Science (Industrial Engineering), an honorary Doctorate in Engineering from the University of Toronto, Canada, an honorary Doctorate in Medicine from the Karolinska Institutet, Sweden, a Master of Science (Systems Engineering) from the University of Singapore, a Master of Business Administration from Harvard University, USA, a Doctor of Science from Imperial College, London, an honorary Doctor of Letters from National University of Singapore and an honorary Doctor of Law from Monash University of Australia. He is also an honorary Fellow of King's College London and received a citation for the honorary Degree of Doctor of Letters from Nanyang Business School, Nanyang Technology University. Mr Lee has more than 35 years of experience in accounting and finance. He was an audit partner at KPMG Singapore where he served on the Singapore leadership team and the Asia Pacific executive team. He was also the Head of Real Estate, Investment Banking, Private Banking, an Audit Business Unit and the Head of People at KPMG Singapore. Currently, he is also a non-executive independent director at ComfortDelGro Corporation Limited, a Member of the Governing Council of Singapore Agro-Food Enterprises Federation Limited and a Board Member of Tech For Good Institute Limited. Mr Lee is a Fellow of the Institute of Singapore Chartered Accountants, Fellow of the Association of Chartered Certified Accountants, United Kingdom, and a member of the Singapore Institute of Directors. BOARD OF DIRECTORS AS AT 22 MARCH 2024 CORPORATE GOVERNANCE 31 30 CORPORATE GOVERNANCE ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED
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