Perennial China Retail Trust appoints Ooi Eng Peng as Director

Mr. Ooi is also a member of the Audit and Risk Committee.

The Board of Perennial China Retail Trust (“PCRTML”) announced the appointment of Ooi Eng Peng as Director. The Nomination and Governance Committee of the company has reviewed the qualifications and work experience of Mr Ooi Eng Peng and recommended his appointment as an Independent Non-Executive Director of PCRTML and a member of the Audit and Risk Committee of PCRTML on the basis of his extensive property industry and fund management experience, strong background in finance and his potential to contribute to the Audit and Risk Committee. The Board of Directors of PCRTML has approved Mr Ooi’s appointment based on the recommendation of the Nomination and Governance Committee, according to a Perennial China Retail Trust report.

Mr Ooi, 55, was previously the Chief Executive Officer (CEO) of Lend Lease Asia, based in Singapore from 2010 to 2011. From 2006 to 2010, he was the CEO of Investment Management and Retail Asia for Lend Lease based in Singapore. Prior to his roles in Asia, he was regional Chief Financial Officer (CFO) of Lend Lease Communities Asia Pacific from 2003 to 2005, Global CFO of Lend Lease Investment Management from 2002 to 2003 and CFO of Lend Lease Development from 2000 to 2002, all based in Sydney. He has over 30 years of real estate experience in property investment, development, project management and fund investment and management businesses in both Asia and Australia.