The Board of Directors of ARA Trust Management (Suntec) Limited announced that a Nominating and Remuneration Committee ("NRC") has been established to assist in the Board and the Manager to fulfil the oversight responsibilities relating to nomination and remuneration matters and in compliance with the Singapore Code of Corporate Governance 2018 (as from time to time amended, modified or supplemented) with effect from 20 April 2023: The composition of the NRC is as follows: Chan Pee Teck, Peter (Chairman), Chew Gek Khim (Member); and Lock Wai Han (Member).