The board of directors of ESR Group Limited announced that Mr. Wee Peng Cho has tendered his resignation as the chief financial officer of the Company with effect from 19 September 2022. Mr. Cho has resigned for health reasons. Mr. Cho will be continuing on as a senior adviser to the Company to help support he new Chief Financial Officer as well as various group initiatives.

The Board announced that Mr. Ivan Lim ("Mr. Lim") has been appointed as the chief financial officer of the Company with effect from 19 September 2022. The biographical details of Mr. Lim are set out below: Mr. Lim, aged 46, currently serves as the Chief Financial Officer of LOGOS Property Group Limited and ARA Asset Management Limited, both of which are key subsidiaries of ESR Group post its acquisition of ARA. He joined LOGOS in 2020 and was appointed as the Chief Financial Officer of ARA Asset Management Limited in 2022.

Mr. Lim has close to 20 years in the real estate industry with his experience spanning fund management and investment, asset management, advisory and consultancy, corporate finance, group treasury and statutory reporting. Prior to joining LOGOS, Mr. Lim was with OUE Limited from January 2020 to November 2020 as the Group Chief Financial Officer. He was the Chief Financial Officer of Mapletree Logistics Trust Management from December 2016 to December 2019 and Chief Financial Officer of Keppel REIT Management Limited from November 2013 to July 2014.

Prior to that he was financial controller at Ascendas Pte Ltd. from July 2008 to August 2010. Mr. Lim received a bachelor's degree in estate management from the University of Malaya in September 1999. He was admitted as a Fellow of the Association of Chartered Certified Accountants in October 2009 and as a Chartered Accountant of Singapore in December 2016.

Mr. Lim also became a licensed valuer with the Malaysia Board of Valuers in January 2007.