The board of directors of the Spear REIT Limited announced that Mrs. Kim Pfaff-Karg (Mrs. Pfaff-Karg) has been appointed as chief investment officer of the Company with effect from 1 March 2020. She has over 15 years' experience in the listed and unlisted real estate sector. Mrs. Pfaff-Karg will perform a strategic role across the business with a focus on acquisition, disposals, portfolio valuations and other corporate business requirements.