EC World Real Estate Investment Trust announced that it is proposing to appoint Mr. Alvin Cheng as the Executive Director and Chief Executive Officer, pending approval from the Monetary Authority of Singapore. Prior to this proposed appointment, Mr. Cheng served as the Executive Director and Deputy CEO of the Manager. Mr. Lai Hock Meng will be stepping down from the CEO position to pursue personal and other business interests, but he will remain on the Board of the Manager as a Director.