Experienced and professional REIT management team, with each member having at least 15 to 20 years of relevant industry experience

Mr. Anthony Ang

Chief Executive Officer

Mr. Ang worked at the Singapore Economic Development Board from January 1979 to October 1992 and rose up the ranks to become Regional Director of North America, where he managed investment promotion for North America, securing annual investments averaging approximately S$2 billion per annum. From March 1993 to December 1999, he was Executive Director and Group General Manager of Armstrong Industrial Corporation Limited, where he was overall in charge of the sales and manufacturing operations in six Asian countries, including Singapore, Malaysia, Thailand, Indonesia and the PRC. Subsequently, he joined Vertex Management Pte. Ltd. From January 2000 to August 2001 as Senior Vice President of Investment, where he was responsible for investments in Singapore, India and Japan with estimated assets under management of approximately S$50 million. From August 2001 to January 2003, Mr. Ang joined GIC Real Estate Pte. Ltd. as Executive Vice President of Administration and Corporate Affairs, where he was responsible for the administration of the corporate affairs of its global investment operations. From February 2003 to December 2005, Anthony served as Executive Director of Majulah Connection Limited, a non-governmental organisation supported by the Singapore government for consulting and networking. From February 2006 to December 2016, Mr. Ang joined the ARA Group and served in various roles in the ARA Group. He was the Chief Executive Officer of ARA's flagship US$1.13 billion1 ARA Asia Dragon Fund from March 2007 to March 2010, where he was in charge of fundraising and responsible for investing in a diversified portfolio of real estate investments with a pan Asian mandate. He was subsequently the Chief Executive Officer and Executive Director of ARA Asset Management (Fortune) Pte. Ltd., the manager of Fortune Real Estate Investment Trust ("Fortune REIT"), from March 2010 to January 2015 and continued to be Executive Director till December 2016. Fortune REIT owns 17 retail properties in Hong Kong with estimated assets under management of over HK$36 billion as at 31 December 2016. Mr. Ang has also been an Independent Director of Singapore-listed Europtronic Group Ltd. since May 2015 and Singapore-listed Heatec Jietong Holdings Ltd. since April 2017, and Independent Director of Malaysia-listed Yong Tai Berhad since January 2016. Mr. Ang has been Singapore's Ambassador Extraordinary and Plenipotentiary to the Republic of Tunisia since September 2016.

Mr. Ang graduated with a Bachelor of Science (Mechanical Engineering) with First Class Honors from the Imperial College of Science and Technology, University of London in August 1978. He also obtained an MBA Degree from the European Institute of Business Administration (INSEAD) in June 1982 and a Certificate of Completion of the Marketing Management Program from the Graduate School of Business of Stanford University in October 1992.

(1) As at the end of the fund life of ARA Asia Dragon Fund in 2015.

Mr. Ken Chew

Chief Investment Officer

Mr. Chew was the Assistant Head of Biomedical Sciences at Singapore Economic Development Board from April 2003 to April 2007, where he was primarily responsible for industry promotion and development in various industry sectors and client coverage in biomedical sciences in Japan and India. From May 2007 to January 2012, Mr. Chew was employed by the Mapletree Group. He was seconded to Itochu Corporation from May 2007 to April 2010 where he was primarily responsible for Itochu Corporation's investments and asset management in the Asia Pacific region. After his secondment, he took on the positions of Deputy General Manager of Mapletree Group in Japan from April 2010 to October 2010, and Representative of Mapletree Group in South Korea from November 2010 to January 2012, where he assisted with setting up Mapletree's office in South Korea, investment and asset management work, private equity fund setup and seed asset investments. He then joined CapitaMalls Asia Limited from February 2012 to May 2015, where he took on the positions of Deputy General Manager from February 2014 to May 2015 and Vice President from October 2013 to January 2014. As the Deputy General Manager of CapitaMalls Asia Limited, he was primarily responsible for investment and asset management in East China and as Vice President of CapitaMalls Asia Limited, he was primarily responsible for regional investment and asset management, including assisting in the opening of Westgate Mall in Singapore. Mr. Chew then joined the Fosun Group, an investment group with its headquarters located in the PRC, in June 2015. As the Managing Director of Fosun Property Holdings from June 2015 to May 2017, he was in charge of all property-related investments and asset management in Southeast Asia. He had also been Chief Representative of Fosun International Limited from April 2016 to May 2017, where he was in charge of group-related matters and investments in Southeast Asia.

Mr. Chew graduated with a Bachelor of Science Degree from the University of Tokyo in March 2001. He also obtained a Master of Information Science and Technology (Computer Science) from the University of Tokyo in March 2003.