KUALA LUMPUR - PLS Plantations Berhad announced the appointment of Lee Hun Kheng as the Group's Chief Executive Officer (CEO) effective today and retain his role as Executive Director of PLS Plantations. He will remain CEO of Aramijaya Agri & Agro Sdn. Bhd., a company that has been involved in developing innovating supply chain and forest management processes to create high quality sustainable forest products and services since 2002.

PLS Plantations' Independent Non-Executive Chairman, Tan Sri Nazir Razak said, "We are pleased to welcome Lee Hun Kheng as our new Group CEO. His role as CEO of Aramijaya, the Group's forest plantation subsidiary and his 19 years' experience in the upstream and downstream sectors of the plantations industry will be critical in helping PLS Plantations navigate the complex industry and dynamic environment, as the Group transforms itself into Malaysia's leading sustainable agrifood company.

Mr. Lee's appointment is part of the Group's efforts to strengthen our senior management bench as the Group diversifies into commercial durian planting alongside cash crops and forest plantation.

PLS Plantations' diversification is aligned with the nation's food sufficiency efforts. We note and applaud the Prime Minister's recent statement on the critical importance of food security and the various new government initiatives to support the agrifood industry. With our much strengthened management team, we are well positioned to play a major role in addressing the nation's food security believe." These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward- looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events.

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