The Board of Directors of Atrium REIT Managers Sdn Bhd (“the Board”), the Manager of Atrium REIT, wishes to announce the retirement of Mr. Chan Kum Chong (“Mr Chan”), the Chief Executive Officer of the Manager (“CEO”) on 31 August 2024 to pursue his personal interests. In line with the Manager’s leadership succession planning process, the Board has designated and appointed Mr. Lee Hooi Hoong (“Mr Lee”), the current Chief Financial Officer of the Manager as the Acting Chief Executive Officer (“Acting CEO”) with effect from 1 September 2024.

The appointment of Mr Lee to take over the responsibilities of the CEO will ensure a smooth leadership succession as he has been the Chief Financial Officer of the Manager since 2007. With his 30 years of experience in the areas of financial accounting and management, and other management responsibilities of the Manager he has assumed, the Board believes under his leadership Atrium REIT will continue to chart its long-term growth in distribution and Net Assets Value per unit.

Mr Lee will continue to oversee the functions of the finance department in addition to his new role as the Acting CEO. This will ensure a seamless transition and continuity of the Manager’s leadership.

The Board accepts Mr Chan’s retirement with a heavy heart for his 17 years of dedicated and committed service to Atrium REIT. Mr Chan has been with the Manager since 2007 and held the CEO position since 2010, and under his leadership, Atrium REIT’s Total Assets has grown from RM182.3 million at the beginning of 2010 to RM643.9 million at the end of 2023 or an increase of about 350% over a period of 14 years.

This announcement is dated 31 July 2024.