FEO Hospitality Asset Management Pte. Ltd., as manager of Far East Hospitality Real Estate Investment Trust (the "REIT Manager"), and FEO Hospitality Trust Management Pte. Ltd., as trustee-manager of Far East Hospitality Business Trust (the "Trustee-Manager", and together with the REIT Manager, the "Managers"), announced following changes to the Board of the Managers and the composition of the Nominating Committee ("NC") and Remuneration Committee ("RC"):- Appointment of Independent Director: The appointment of Mr. Quek See Tiat ("Mr. Quek") as an Independent Director to the Board of the Managers and as a member of NC and RC of the REIT Manager respectively on 1 May 2024. Following the appointment of Mr. Quek, the Board will henceforth comprise five Independent Directors, one Executive Director and one Non-Executive Chairman. Re-composition of the NC and RC
With the appointment of Mr. Quek as a member of NC and RC respectively, the composition of the NC and RC shall be as below with effect from 1 May 2024: Nominating Committee: Ms. Vivienne Lim Hui Bian - Chairman, Lead Independent Director, Mr. Wee Kheng Jin - Member, Chairman and Non-Executive Director, Ms. Catherine Lee Khia Yee - Member, Independent Director, and Mr. Quek See Tiat - Member, Independent Director. Remuneration Committee: Ms. Celestine Khoo Geok Choo - Chairman, Independent Director, Mr. Wee Kheng Jin - Member, Chairman and Non-Executive Director, Ms. Vivienne Lim Hui Bian - Member, Lead Independent Director, and Mr. Quek See Tiat - Member, Independent Director.