Appointment Of Chief Executive Officer, Designate

CapitaLand Malaysia REIT Management Sdn. Bhd. (“CMRM” or the “Company”), as manager of CapitaLand Malaysia Trust ("CLMT"), wishes to announce the appointment of Ms Yong Su-Lin ("Ms Yong") as Chief Executive Officer, Designate (“CEO Designate”) of CMRM with effect from 2 January 2025.

The appointment of Ms Yong as the CEO Designate is part of the leadership succession plan for CMRM. Meanwhile Ms Yong will support Mr Tan Choon Siang, the CEO of CMRM, in the execution of strategy for CLMT and the day-to-day operations of CLMT’s business. Upon obtaining clearance from the Securities Commission Malaysia regarding Ms Yong’s appointment, a further announcement will be made on the leadership succession plan.

Ms Yong Su-Lin has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate. She is currently the Managing Director of Malaysia and China and was an Interim Chief Financial Officer, Asia of the Lendlease Group. She oversees the portfolio of the Lendlease Group in Malaysia including Investment, Development and Construction segment. In her role as Interim Chief Financial Officer, Asia, she is accountable for the finance function including but not limited to preparing accounts and financial accounts/budget of the Lendlease Group in Asia namely in Singapore, Malaysia, Japan and China.

Immediately prior to joining the Lendlease Group, she served as the Chief Executive Officer of Sentral REIT Management Sdn Bhd (the Manager for Sentral REIT) in 2015, where she successfully completed the first merger of a real estate investment trust (“REIT”) in Malaysia and grew the business and portfolio by approximately 170% from RM820 million to RM2.2 billion with a market capitalisation of RM1 billion.

Before that, she was the Interim Chief Executive Officer of Quill Capita Management Sdn Bhd (the Manager for Quill Capita Trust), where she oversaw the establishment and listing of the REIT on the Main Market of Bursa Malaysia Securities Berhad. In this role, she was also responsible for the company’s investments, investor relations activities, asset management, leasing, fund raising and finance activities related to Quill Capita Trust.

Prior to her role at Quill Capita Management Sdn Bhd, Ms Yong had six years of corporate advisory experience, working in one of the top five audit firms in Malaysia. In her career as a corporate consultant, she was involved in corporate finance, corporate advisory and corporate recovery assignments for various industry sectors.

In 2020, Ms Yong was awarded the Best CEO of Investor Relations (Small Cap) by the Malaysian Investors Relations Associations. In 2019, she was accorded the Best of the Breeds REITs Award for CEO Office REIT Malaysia (Platinum) and the Highest Growth in Profit After Tax over Three Years at The Edge BRC Awards 2019.

Ms Yong holds a Bachelor of Arts degree in Finance from the University of Northern Iowa, United States of America.

This announcement is dated 14 November 2024.