General Announcement::Announcement by Subsidiary Company, CDL Investments New Zeal... Page 1 of 2

GENERAL ANNOUNCEMENT::ANNOUNCEMENT BY SUBSIDIARY COMPANY, CDL INVESTMENTS NEW ZEALAND LIMITED

Issuer & Securities

Issuer/ Manager

CITY DEVELOPMENTS LIMITED

Securities

CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09

Stapled Security

No

Announcement Details

Announcement Title

General Announcement

Date &Time of Broadcast

30-Dec-2019 12:16:44

Status

New

Announcement Sub Title

Announcement by Subsidiary Company, CDL Investments New Zealand Limited

Announcement Reference

SG191230OTHRGDK3

Submitted By (Co./ Ind. Name)

Shufen Loh @ Catherine Shufen Loh

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please refer to the Announcement released by CDL Investments New Zealand Limited on 30 December 2019 relating to

Changes to the Board:

  1. Resignation of Mr Tan Kian Seng as a Director with effect from 31 December 2019; and
  2. Appointment of Mr Kwek Eik Sheng as a non-executive Director with effect from 1 January 2020.

Attachments

30122019_CDLINZ_Changes_to_the_Board.pdf

Total size =26K MB

https://links.sgx.com/1.0.0/corporate-announcements/HNVNYB8YKZFTCEBP/af0416803db... 12/30/2019

Level 13, 280 Centre, 280 Queen Street,

P. O. Box 3248, Auckland 1140, New Zealand

Ph (09) 353 5077 Fax (09) 309 3244 Email: admin@cdli.co.nz

STOCK EXCHANGE ANNOUNCEMENT

30 December 2019

CHANGES TO THE BOARD OF CDL INVESTMENTS NEW ZEALAND LIMITED

CDL Investments New Zealand Limited (NZX:CDI) advises that Mr. Tan Kian Seng will resign as a director of the company effective from 31 December 2019 following his retirement from the Millennium & Copthorne Hotels group. The company thanks him for his service and wishes him well in his well-deserved retirement.

CDI advises that the Board has appointed Mr. Kwek Eik Sheng as a non-executive Director to the Board with effect from 1 January 2020.

Mr. Kwek is currently the Group Chief Strategy Officer of City Developments Limited ("CDL") and has been in that role since 2018. Mr. Kwek joined CDL in 2009, covering Business Development for overseas projects before being appointed as Head of Corporate Development. He assumed his role as Chief Strategy Officer in 2014 and was additionally appointed Head, Asset Management in April 2016. Prior to joining CDL, he was with the Hong Leong Group of companies in Singapore specialising in corporate finance roles since 2006.

He is also Executive Director of Millennium & Copthorne Hotels Limited, previously listed on the London Stock Exchange as Millennium & Copthorne Hotels plc. He holds a Bachelor of Engineering in Electrical and Electronics Engineering from Imperial College of Science, Technology and Medicine and a Master of Philosophy in Finance from Judge Business School, Cambridge University.

The Board has determined in accordance with NZX Listing Rules that Mr. Kwek is not an independent director.

ENDS

Enquiries:

Takeshi Ito

(09) 353 5005

Company Secretary

CDL Investments New Zealand Limited

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Disclaimer

CDL - City Developments Ltd. published this content on 30 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2019 04:55:08 UTC