Tian Teck Land Limited board of directors announced the following changes with effect from 1 January 2023: Mr. Cheong Kheng Lim has been appointed as the chief executive officer (CEO). Mr. Cheong Kheng Lim (Mr KL Cheong), aged 73, is an executive director (ED) and the authorised representative of the Company and its listed subsidiary, AIHL. He has been a director of the Company and AIHL since 1969 and 1984 respectively.

He is also a director of the Company's holding company, Tian Teck Investment Holding Co., Limited and various subsidiaries of the Group. Prior to his re-designations/appointment as chairman of the Board, CEO and chairman of the NC of the Company and AIHL on 1 January 2023, Mr. KL Cheong is the deputy chairman of the Board and a member of the NC of both the Company and AIHL, and the chief operation officer (COO) of AIHL. Upon his re-designation/appointment of the new positions in the Company, Mr. KL Cheong's appointment letter in respect of deputy chairman of the Board and ED of the Company shall be determined.

He will enter into a new appointment letter with the Company as the chairman of the Board and ED of the Company with effect from 1 January 2023. Pursuant to the agreement with the Company for being the CEO, there is no specific term of appointment of Mr. KL Cheong except that such appointment can be determined by either party serving on the other not less than 3 months' notice in writing or by termination, without re-appointment, of his office as a director of the Company. His directorship shall, in addition to the said 3 months' notice proviso, be subject to the provisions of the Company's Articles of Association including but not limited to those governing the rotation, retirement, removal and vacation of directors.