Board Profiles.

Mr Cheong has been a Director of AVJennings Limited since 20 September 2001 and is Chairman of the Board.

Director since 20 September 2001. Mr Cheong has over 35 years experience in real estate, banking and international finance. He is the Founder and Chairman of SC Global Developments Pte Ltd (the ultimate holding company). He has formerly held positions with Citibank (Singapore) as their Head of Real Estate Finance for Singapore as well as with Credit Suisse First Boston as a Director and Regional Real Estate Head for Asia (excluding Japan). In 1996, Mr Cheong established his own firm, SC Global Pte Ltd, a real estate and hotel advisory and direct investment group specialising in structuring large and complex transactions worldwide. He was twice elected President of the prestigious Real Estate Developers’ Association of Singapore (REDAS) for 2 terms from 2007 till 2010. He served on the Board of the Institute of Real Estate Studies, National University of Singapore from 2008 to 2011 and was a board member of the Republic Polytechnic Board of Governors from 2008 to 2011. He was also a Council Member of the Singapore Business Federation, a position he held from 2007 to 2010. On 1 June 2017, Mr Cheong was appointed a non-executive Director of Singapore Airlines Limited. Resident of Singapore.

Responsibilities
Chairman of the Board, Non-Executive Director, Chairman of Investments Committee, Member of Remuneration Committee, Member of Nominations Committee.

Directorships held in other listed entities
Singapore Airlines Limited since 1 June 2017.

Director since 22 March 2007. Mr Rowley has been a career banker since the early 1970s with Citigroup, Morgan Grenfell and ABN Amro. From 1992 until 2002, he served as Managing Director and CEO of ABN Amro Australia and Head of Relationship Management and Structured Finance for ABN Amro, Asia Pacific. He has been active in both wholesale and investment banking domestically and internationally. During his career, Mr Rowley devoted considerable effort towards the recognition, understanding and management of risk as a means of profit optimization. Of particular significance was his involvement in advising and funding including debt, equity and hybrids, of infrastructure projects in both Australia and Asia Pacific. Resident of Sydney.

Responsibilities
Deputy Chairman of the Board, Non-Executive Director, Chairman of Risk Committee, Member of Audit Committee, Member of Investments Committee, Member of Nominations Committee.

Directorships held in other listed entities:
None.

Mr Kearns has been a Director of AVJennings Limited since 21 March 2019. He was subsequently appointed Chief Executive Officer on 10 January 2022 and as Managing Director on 15 February 2022. Mr Kearns has over fifteen years’ corporate leadership experience and has been instrumental in driving cultural change, building new revenue streams and improving stakeholder engagement in banking, insurance and financial planning, all with involvement in the property sector. Mr Kearns was previously a Director of Venues NSW, a Government Board that owns and operates multiple sports and entertainment venues across New South Wales. Additionally he was a member of the NSW “Game Changers” Ministerial Advisory Board for Women in Sport. He was CEO of Centric Wealth where he gained experience in the Private Equity world which added to his experience at Investec Bank in property funds, private clients and his corporate finance relationships. Mr Kearns is a Director of Coolabah Capital Investments, a private fixed interest funds management business. He was director of the committee to successfully get the Rugby World Cup (RWC) to Australia in 2027 and 2029 and has just been appointed to the Board of the Organising Committee for those RWC’s.

Mr Kearns was appointed a member of the Order of Australia in 2017 for significant service to the community through support for charitable organisations, to business, and to rugby union at the elite level. He played 67 tests for the Australia national rugby union team, Wallabies (1989-1999) and captained the team ten times and after his rugby career worked as a rugby commentator with FOXSports for 21 years. Mr Kearns is a resident of Sydney.

Directorships held in other listed entities:
None.

Director since 18 October 2005. Mr Chin is Chairman of the Singapore Corporate Governance Advisory Committee and a member of EDPR APAC Advisory Board. He was appointed a Director of Singapore Health Services Pte Ltd effective 1 October 2023 and a Director of Temasek Trust Limited effective 1 April 2024. He stepped down from his role as a senior adviser to NTUC Fairprice Co-operative Ltd on 16 May 2024.

Mr Chin served 31 years with KPMG Singapore and was its Managing Partner from 1992 until September 2005. He is a Fellow of the Institute of Chartered Accountants in England and Wales, and a Distinguished Lifetime Member of the Institute of Singapore Chartered Accountants. Resident of Singapore.

Responsibilities
Non-Executive Director, Chairman of Audit Committee, Member of Nominations Committee.

Directorships held in other listed entities
Ho Bee Land Limited, since 29 November 2006
Frasers Property Limited since 19 September 2022

Other Directorships
Temasek Holdings (Private) Limited, since 10 June 2014
Temasek Trust Ltd since 1 April 2024
Singapore Health Services Pte Ltd since 1 October 2023

Director since 18 October 2005. Mr Hayman has many years of commercial management experience with over 20 of those at operational Chief Executive or General Manager Level. He is currently Chairman of Chartwell Management Services. He previously fulfilled senior management roles both in Australia and overseas for companies such as Nicholas Pharmaceutical Group, Dairy Farm Group, Hong Kong Land and Seagram Corporation. During his time in Singapore, he held the position of Foundation President of the Singapore Australia Business Council, now known as AUSTCHAM Singapore.

Mr Hayman served as CEO of the Australian Rugby Union and as Chairman of the Board of the Rugby Club Ltd. He retired as a Director and Deputy Chair of Diabetes NSW & ACT after 16 years of service. Mr Hayman is currently Chairman of the Ella Foundation. Resident of Bowral, New South Wales.

Responsibilities
Non-Executive Director, Chairman of Nominations Committee, Member of Remuneration Committee, Member of Investments Committee, Member of Risk Committee

Directorships held in other listed entities:
None.

Director since 18 November 2011. Mr Lai has been a career banker since the late 1960s. He joined Citibank Singapore in April 1968, rising through the ranks to become Vice President and Head of the Corporate Banking Division. During his time with Citibank, Mr Lai undertook international assignments with Citibank in Jakarta, New York and London. His last position with Citigroup was as Managing Director of Citicorp Investment Banking Singapore Ltd from 1986 to 1987.

Mr Lai joined Oversea-Chinese Banking Corporation Limited (OCBC) in January 1988 as Executive Vice President and Division Head of Corporate Banking. He moved on to various other senior management positions in OCBC, including Head of Information Technology and Central Operations, Chairman OCBC Asset Management, Head Risk Management and Head Audit. Following his retirement from executive positions in April 2010, Mr Lai served as a Board Director of OCBC from June 2010 to December 2019, OCBC AL-Amin Bank Bhd (2011 to 2018) and OCBC Bank Malaysia Bhd (2011 to 2019). He stepped down as Chairman of Bank of Singapore Limited effective 1 January 2024, but continues in his role as a Director.

Besides banking roles, Mr Lai was a Non-Executive Director of United Engineers Ltd (1992 to 2011) and WBL Corporation Ltd (1993 to 2014). Both were Singapore listed companies engaged in diversified regional businesses, including property development. Resident of Singapore.

Resident of Singapore.

Responsibilities
Non-Executive Director, Chairman of Remuneration Committee, Member of Audit Committee, Member of Investments Committee.

Directorships held in other listed entities:
PT Bank OCBC NISP Tbk (listed in Indonesia) (Commissioner) since 4 September 2008

Other Directorships:
Bank of Singapore Limited since 1 January 2020.

Director since 15 October 2021. Mr Mak is currently Executive Chairman of Intraco Limited and an independent non-executive director of Boustead Singapore Limited and Well Chip Group Sdn Bhd Malaysia. He was re-designated as non-executive Chairman of Well Chip Group effective 13 November 2023. He is also an independent non-executive director of SC Global Developments Pte Ltd, AVJennings’ majority shareholder.

Mr Mak joined the CIMB Group (an ASEAN universal bank listed in Malaysia) following the acquisition of GK Goh Securities Pte. Ltd. in 2005, where he served as the Head of Corporate Finance. He was CEO of CIMB Bank Singapore and its Country Head from 2008 until his retirement in December 2019. Previously, Mr Mak was the Head of Mergers & Acquisitions Advisory Department with DBS Bank Ltd (formerly known as The Development Bank of Singapore). He held various senior positions in the Corporate Finance divisions of Vickers Ballas & Co. Pte. Ltd., Ernst & Young, Oversea-Chinese Banking Corporation Limited and Citicorp Investment Bank (Singapore) Limited.

Mr Mak is also a Member of the Inaugural Singapore Stock Exchange (SGX) Listings and Advisory Committee. In January 2021, he was appointed as a governing board member of the Duke-NUS Medical School (a graduate medical school in Singapore). Mr Mak resides in Singapore.

Responsibilities
Non Executive Director, Member of Investments Committee

Directorships held in other listed entities:
Intraco Limited (listed in Singapore), since 29 April 2021 (Appointed Executive Chairman on 15 July 2022)
Boustead Singapore Limited (listed in Singapore), since 29 July 2021
Well Chip Group Sdn Bhd Malaysia (listed in Malaysia), since 28 June 2023 (Appointed non-executive Chairman on 13 November 2023)