The board of directors of ESR Cayman Limited announced that with effect from 1 January 2021, Charles de Portes, the company's Group President and Executive Director, will be re-designated as a Non-executive Director of the company after a highly distinguished over two-decade career in logistics real estate to pursue philanthropic endeavours. He will continue as President of the company until the end of the year and thereafter as Board director (non-executive), Chairman Emeritus of the company's Capital Committee and will remain a key shareholder of the company.