Tian Teck Land Limited board of directors announced the following changes with effect from 1 January 2023: Mr. Cheong Kheng Lim has been re-designated from the deputy chairman to the chairman of the Board and re-designated from a member to the chairman of the nomination committee (NC) of the Company; and Mr. Cheong Tiong Ham has been appointed as an executive director of the Company. 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.

Mr. Cheong Tiong Ham (also known as Benz Cheong Tiong Ham) (Mr TH Cheong), aged 48, has been appointed as an ED of the Company and AIHL with effect from 1 January 2023. He has also been appointed as the COO of AIHL under a service contract with that company with effect on the same day. Pursuant to the appointment letter Mr. TH Cheong will enter into with the Company for being an ED, there is no specific term of his appointment except that such appointment can be determined by either party serving on the other not less than 3 months' notice in writing.

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. Mr. TH Cheong joined AIHL as leasing manager in 2003 and has been the Head of Leasing and Marketing Department of that company since 2009. He holds a degree of Bachelor of Science in Business Administration from Boston University in the United States and a degree of Master of Applied Finance from the University of Melbourne in Australia.

He has not been a director of any other listed public companies in the 3 years prior to the date of this announcement.