CapitaMalls Asia appoints Lim Ming Yan as Non-Independent Non-Executive Director

He was also appointed as Member of the Investment Committee.

In a release, the Board of Directors of CapitaMalls Asia Limited announced the appointment of Mr Lim Ming Yan as a Non-Independent Non-Executive Director and a Member of the Investment Committee of the Company with effect from 25 October 2012.

Mr Lim, aged 49, graduated from the University of Birmingham, UK, in 1985 with a Bachelor of Science (First Class Honours) in Mechanical Engineering and Economics.

He attended the Advanced Management Programme at Harvard Business School in 2002.

Mr Lim will be appointed as President and Chief Executive Officer of CapitaLand Group and a Director of CapitaLand Limited with effect from 1 January 2013.

CapitaLand is a controlling shareholder of the Company which owns approximately 65.44% interest in the Company.

Mr Lim has over 16 years of experience in real estate development and investment and is currently the Chief Operating Officer of CapitaLand. Mr Lim is also concurrently Deputy Chairman of the CapitaLand China Executive Committee, which co-ordinates and aligns CapitaLand’s investments, operations, branding and resources in China.

Prior to this, he was CEO of The Ascott Limited (resigned on 6 February 2012), a wholly-owned serviced residence business unit of CapitaLand and CEO of CapitaLand China Holdings Pte. Ltd., responsible for growing CapitaLand into one of the leading foreign real estate developers in China.

Mr Lim has been appointed as a Non-Executive Director of Central China Real Estate Limited (Stock Code: 0832) which is listed on the main board of The Stock Exchange
of Hong Kong Limited (the “Stock Exchange”) with effect from 15 November 2007.