Shangri-La Asia Limited announced that Mr. LIM Beng Chee intends to retire and will step down from his roles as Executive Director of the Company and as a member of the Executive Committee of the Board on 31 December 2022. Mr. LIM will be re-designated as a Non-executive Director of the Company with effect from 1 January 2023. Mr. LIM, aged 54, Singaporean, joined the Company as a Non-executive Director on 26September 2016.

He was re-designated as Executive Director and appointed Chief Executive Officer of the Company on 1 January 2017. He has been a member of the Executive Committee of the Board since 1 January 2017.Mr LIM was chief executive officer of CapitaMalls Asia Limited (currently known asCapitaLand Mall Asia Limited) and a non-executive director and member of the audit committee of Changi Airports International Pte Limited. Mr. LIM holds a Bachelor's degree in Physics (Hons) from the University of Oxford, UnitedKingdom and an MBA (Accountancy) from the Nanyang Technological University, Singapore.

Mr. LIM has been the chairman and an executive director of China World Trade Center Company Limited (an associate of the Company and listed on the Shanghai Stock Exchange) since April 2018. Other than this, Mr. LIM has not held any directorships in any listed companyin the past three years. As a Non-executive Director, Mr. LIM will be entitled to an annual director's fee with effect from 1 January 2023 to be approved by the shareholders of the Company in the 2023 annual general meeting.

There is no service contract to be entered into between the Company and Mr. LIM for his role as Non-executive Director of the Company.