Mr Tan Jeh Wuan is the Chairman and an Independent Non-Executive Director of the Manager. He was appointed on 2 November 2021.

Mr Tan Jeh Wuan was a career investment banker, spending 30 years with DBS Bank from 1989 to 2019. His last position held was Managing Director & Head of Capital Markets Singapore, in which position he was responsible for DBS Bank's equity capital markets business in Singapore. In his career, Mr Tan Jeh Wuan had been involved in many domestic and international equity fund raisings and financial advisory transactions, including initial public offerings, private placements and right issues.

Mr Tan Jeh Wuan also served on various financial sector workgroups and committees in Singapore in his career. He was a member of the Association of Banks in Singapore Corporate Finance Standing Committee (as well as its predecessor Singapore Investment Banking Association Corporate Finance Committee) for several years, including serving as the Chairman of the Committee for two terms. Mr Tan Jeh Wuan was a member of the SGX Securities Advisory Committee from 2018 to 2019 and was conferred as an Institute of Banking & Finance Fellow, Capital Markets in 2019.

Mr Tan Jeh Wuan holds a Bachelor of Science in Industrial Engineering and Operations Research from the University of California, Berkeley, United States of America.

Mr Tan Juay Hiang is an Independent Non-Executive Director of the Manager. He was appointed on 2 November 2021.

Mr Tan Juay Hiang has had 14 years of relevant experience in real estate fund management.

He was the fund manager of Ascendas ASEAN Business Space Fund from 2007 to 2010, he structured the fund, raised US$400 million for the fund and invested in Malaysia, Vietnam and Philippines. He held the appointment of Senior Vice President, Real Estate Fund at Ascendas Pte. Ltd from March 2010 to June 2012, where he was responsible for setting up the new fund and undertaking the capital raising. From July 2012 to December 2019, he acted as Chief Executive Officer of Ascendas Hospitality Fund Management Pte. Ltd., as the manager of Ascendas Hospitality Trust (A-HTRUST), a listed S-REIT in Singapore, where he was responsible for the performance of A-HTRUST and for compliance and execution of A-HTRUST management strategies. From January 2020 to July 2020, he acted as Managing Director of Ascott, where he was responsible for the investments of Ascott Residence Trust.

Mr Tan Juay Hiang holds a Bachelors in Engineering from the National University of Singapore and a Masters in Business Administration from Nanyang Technological University, Singapore.

Ms Noriko Iwanaga is an Independent Non-Executive Director of the Manager. She was appointed on 1 July 2026.

Ms Noriko Iwanaga has more than 15 years of experience in the accounting, audit and finance fields. She started her career with Deloitte Touche Tohmatsu LLC (Japan) in 2005, where she was the team lead for various audit engagements and the audit clients included listed companies and companies preparing for IPO. Ms Noriko Iwanaga left Deloitte Touche Tohmatsu LLC (Japan) in 2021 to establish Iwanaga Noriko CPA Office, her own practice, where she currently serves as Principal. Ms Noriko Iwanaga was appointed to serve as Audit and Supervisory Board Member of various companies and currently also serve as an Executive Board Member in Tokyo Chapter of The Japanese Institute of Certified Public Accountants.

Ms Noriko Iwanaga holds a Bachelor of Economics from Keio University, Japan. She is also a Certified Public Accountant conferred by The Japanese Institute of Certified Public Accountants.

Mr Yoshiyuki Takagi is a Non-Independent Non-Executive Director of the Manager. He was appointed on 2 November 2021.

Mr Yoshiyuki Takagi joined Recruit Holding Co., Ltd. and seconded to Cosmos Initia Co., Ltd. (CI) in 1983 and has had more than forty years of experience in management within CI which was listed on the JASDAQ board in Japan in 1985. For nineteen years from 1990 to 2009 he had been responsible for residential real estate developments in Australia and has been President of a CI subsidiary, Cosmos Australia Pty. Ltd., since 2001. He had been President of CI until his resignation in October 2020 when he became Chairman of CI. Mr Yoshiyuki Takagi subsequently resigned as Chairman and Director of CI in 2025 and is currently Executive Advisor of CI. CI is currently an affiliated company of Daiwa House Industry Co., Ltd..

Mr Takagi graduated from the Faculty of Law in Hiroshima University, Japan, in 1983.

Mr Hiroaki Murata is a Non-Independent Non-Executive Director of the Manager. He was appointed on 1 July 2026.

Mr Hiroaki Murata has close to 40 years of experience in the real estate industry. He joined the Real Estate Division in Sumitomo Corporation in 1988 and was involved in various functions including real estate development, sales, property management across different asset classes. During his tenure with Sumitomo Corporation, he was also appointed in a senior management position in the New York office. Mr Hiroaki Murata last held the position of Executive Officer and Deputy Group CEO, Diverse Urban Development Group in Sumitomo Corporation before he joined Daiwa House Industry Co., Ltd. in 2025, where he is currently Managing Executive Officer and Deputy Head of the Overseas Division.

Mr Hiroaki Murata holds a Bachelor of Business Administration from Kobe University, Japan.

Mr Jun Yamamura is an Executive Director and the Chief Executive Officer of the Manager. He was appointed on 1 June 2023.

Mr Yamamura joined Marubeni Corp. (Marubeni), one of the largest general trading companies in Japan, in 1999. During his 22 years services in Marubeni, he expanded his career in the field of real estate development and investment. Mr Yamamura was involved in mergers of TSE-listed REITs, including the acquisition of Nippon Commercial Investment Corporation by United Urban Investment Corporation (United Urban), which is managed by Marubeni's subsidiary, in December 2010. Mr Yamamura also contributed to the initial public offering of United Urban in 2003 and secondary offering in 2004 as an acquisition manager and in corporate planning as a General Manager from 2017 to 2020.

From April 2021 until the date he joined the Manager, Mr Jun Yamamura was the Senior Chief in the Business Development Department in Daiwa House Industry Co., Ltd..

Mr Yamamura holds a Bachelor of Arts in Economics from The University of Tokyo, Japan, and a Master of Business Administration in Finance and Real Estate from The University of North Carolina at Chapel Hill, USA. He is a Certified Member Analyst of the Securities Analysts Association of Japan (inactive), a Certified Master of the Association for Real Estate Securitization (inactive), a Certified Building Manager of Japan Building Management Institute (inactive), and a licensed real estate transaction agent in Japan (inactive).