FEO Hospitality Asset Management Pte. Ltd., as manager of Far East Hospitality Real Estate Investment Trust, and FEO Hospitality Trust Management Pte. Ltd., as trustee-manager of Far East Hospitality Business Trust, announce the following changes as part of the renewal process of the Board and the Board Committees of the Managers:- Far East Hospitality Trust announced that Mr. Huang Cheng Eng who was appointed as an Independent Director of the Board of Trustee-Manager on 30 April 2012 and to the Board of the REIT Manager on 24 July 2012 will also reach his 9 years tenure of office as an Independent Director of the REIT Manager on 23 July 2021. Consequent thereof, the Boards of the Managers decided that Mr. Huang Cheng Eng be re-designated from Independent Director to Non-Independent Non-Executive Director of the Managers with effect from 1 May 2021. Ms Vivienne Lim Hui Bian will be designated as the Lead Independent Director of the Managers with effect from 1 May 2021. Following the retirement of the two Independent Directors, the Board Committees of the REIT Manager will also be reconstituted with the following changes to take effect from 1 May 2021: Cessation of Mr. Huang Cheng Eng as the Chairman of the RC and a member of the ARC; Appointment of Mr. Huang Cheng Eng as a member of the NC; Appointment of Ms Vivienne Lim Hui Bian as the new Chairman of the NC and a member of ARC and RC; Appointment of Ms Catherine Lee Khia Yee as a member of the NC; Appointment of Ms Celestine Khoo Geok Choo as the new Chairman of the RC; and Appointment of Mr. Benedict Leh Song Boon as the new Chairman of the ARC. The new composition of the Board Committees resultant from the above changes henceforth will be as follows:- Audit and Risk Committee: Mr. Benedict Leh Song Boon - Chairman, Independent Director, Ms Vivienne Lim Hui Bian - Member, Lead Independent Director, Ms Catherine Lee Khia Yee - Member, Independent Director, Ms Celestine Khoo Geok Choo - 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, Nominating Committee: Ms Vivienne Lim Hui Bian - Chairman, Lead Independent Director, Mr. Huang Cheng Eng - Member, Non-Independent Non-Executive Director, Ms Catherine Lee Khia Yee - Member, Independent Director.