The board of directors ("Board") of Tian Teck Land Limited ("Company") announced that Mr. Cheong Chin Joo Gerald ("Mr. Gerald Cheong") has been appointed as an executive director ("ED") and the chief investment officer of the Company with effect from 26 February 2024. Mr. Gerald Cheong (also known as Zhong Zhenyu Gerald), aged 48, has been appointed as an ED and the chief investment officer of the Company with effect from 26 February 2024. For the appointments as an ED and the chief investment officer, he will enter into an appointment letter and a service contract with the Company respectively.

Pursuant to the service contract, there is no specific term of appointment of Mr. Gerald Cheong except that such appointment can be determined by either party serving on the other not less than 3 months' notice in writing or by termination, without reappointment, of his office as a director of the Company. His directorship shall, in addition to the said 3 months' notice proviso, be subject to the provisions of the Company's Articles of Association including but not limited to those governing the rotation, retirement, removal and vacation of directors. Mr. Gerald Cheong holds a Master of Finance from RMIT University in Australia and a Bachelor of Arts (Honours) in Economics from Simon Fraser University in Canada.

Prior to the appointments, he worked in a corporate advisory firm advising clients on corporate finance projects and over a decade in corporate finance department of a law firm taking charge of management and execution of initial public offerings as well as mergers and acquisitions. Mr. Gerald Cheong has not been a director of any other listed public companies in the 3 years prior to the date of this announcement. Mr. Gerald Cheong is the nephew of Messrs Cheong Kheng Lim (a substantial shareholder (as defined in the Securities and Futures Ordinance ("SFO")) of the Company and Associated International Hotels Limited, Cheong Keng Hooi (a substantial shareholder of the Company) and Cheong Sim Lam, who are directors of the Company and AIHL, and together with them and his other family members he owns Tian Teck Investment Holding Co., Limited ("TTIH"), the controlling shareholder (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules")) of the Company.

He is also the cousin of Miss Cheong Chong Ling and Mr. Cheong Tiong Ham, who are directors of the Company and AIHL.