Mr Tan Jeh Wuan is the Chairman and an Independent Non-Executive Director of the Manager.

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.

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.

Mr Takashi Suzuki is an Independent Non-Executive Director of the Manager.

Mr Takashi Suzuki graduated with a Bachelor of Arts in Law from Waseda University, Tokyo, Japan in 1986, and obtained a Masters of Law from the University of Cambridge, England in 1992. He qualified as an Attorney-at law in the Supreme Court of Japan in 1988, and is admitted to the Japan Bar Association, and the Daini Tokyo Bar Association. He is also a member of the International Bar Association.

He has 17 years of relevant managerial experience as a Partner at Kyo Sogo Law Offices, Tokyo, Japan since September 2003. As a qualified lawyer specialised in the financial sector, Mr Takashi Suzuki has been handling matters involving financial transactions and risk management as well as real property related transactions for over 30 years and has extensive experience and knowledge relevant to his appointment as Independent Non-Executive Director of the Manager.

Mr Yoshiyuki Takagi is a Non-Independent Non-Executive Director of the Manager.

Mr Yoshiyuki Takagi joined Recruit Holding Co., Ltd. and seconded to Cosmos Initia Co., Ltd. (CI) in 1983 and has had more than thirty-eight 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. Currently he holds Directorships in several subsidiaries of CI. CI joined Daiwa House Group in 2013 and became a subsidiary of Daiwa House Industry Co., Ltd. while maintaining its listed status.

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

Mr Eiichi Shibata is a Non-Independent Non-Executive Director of the Manager.

Mr Eiichi Shibata joined Daiwa House Industry Co., Ltd. (DHI) in 1983 and has had more than twenty-five years of experience in management and administration within DHI. He started his career in the accounting department. From April 2001 to April 2016, he pursued his career within DHI in the Group Management and Administration Department, Head Office first as a General Manager, and subsequently as Executive Office in 2011, and Senior Executive Officer in 2014. From September 2016 till date, he has been serving in the Business Development Department in the Tokyo Head Office first as a Senior Executive Officer in 2016 and subsequently as the Managing Executive Officer from April 2019 till date.

Mr Eiichi Shibata has also been appointed to serve on various Boards in corporations in the construction and logistics industry since November 2017, in various capacities including as Non-Executive Director and Statutory Auditor. Since January 2021, he has been appointed to the Board of Daiwa House Modular Europe B.V. as the Supervisory Director.

Mr Eiichi Shibata holds a Bachelor of Arts in Business and Commerce from Keio University, Japan.

Mr Takeshi Fujita is an Executive Director and the Chief Executive Officer of the Manager.

Mr Takeshi Fujita joined Sumitomo Mitsui Trust Bank, Ltd. in 1986 and started his career in corporate finance business field until 2000. Then, he has pursued his career in real estate business field, such as brokerage, investment advisory, and property fund management in Sumitomo Mitsui Trust Bank, Ltd. and fund management companies, including Daiwa House Asset Management Co., Ltd. (DHAM), the manager of Daiwa House REIT.

During his service in DHAM from 2008 to 2011 when he was its Chief Executive Officer, the asset under management jumped to JPY 200.6 billion from JPY 55.5 billion, and market capitalisation jumped to JPY 73.1 billion from JPY 15.7 billion. One of his achievements was the acquisition of a TSE-listed REIT, which was under civil rehabilitation process but had struggled to get an approval of the recovery plan from creditors. He worked with the Daiwa House REIT’s sponsor, Daiwa House Industry Co., Ltd., to get majority vote at the creditors meeting and subsequently obtained court approval for the rehabilitation plan of which core strategy was the acquisition of it.

Following his term in DHAM as its Chief Executive Officer in 2011, he took key management positions in Sumitomo Mitsui Trust Bank, Ltd from 2011 to 2020 where he succeeded in raising a private real estate fund with a French insurance company and several separate accounts with institutional investors, including corporate pension funds, formulated and implemented global business and alliance strategies, and was responsible for planning and promoting cross-border real estate investment business.

Mr. Takeshi Fujita holds a Bachelor of Arts in Economics from Kwansei Gakuin University, Japan, and a Master of Business Administration in Finance and Investment from The George Washington University, USA. He is a licensed real estate transaction agent in Japan and a licensed representative of condominium management in Japan.