[AME] Alternate Director APPOINTMENT - MR LEE CHUN KIAT on 08-Aug-2024

Announcement Date
08-Aug-2024
Board Member Information:
Date of Change
08-Aug-2024
Type of Change
APPOINTMENT
Designation
Alternate Director
Directorate
Executive
Age
28
Gender
Male
Nationality
Malaysia
Working Experience
Lee Chun Kiat joined AME Group in June 2020 as the Corporate Planning Executive, where he involved in the corporate matters of AME Group, including the listing exercise of AME Real Estate Investment Trust (AME REIT), a subsidiary of AME Elite Consortium Berhad (AME Elite) and an Islamic REIT listed on the Main Market of Bursa Malaysia Securities Berhad, with the principal investment policy of investing, directly and indirectly, in a Shariah-compliant portfolio of income producing real estate used primarily for industrial and industrial related purpose in Malaysia and overseas. 

In May 2022, Lee Chun Kiat was transferred to I REIT Managers Sdn Bhd (IRM), the manager of AME REIT as the Investment Officer. He was promoted to the position of Assistant Manager, Investment in January 2023 and was subsequently redesignated as the Manager, Business Development and Investor Relations of the IRM in May 2024. On 8 August 2024, he was appointed to the board of directors (Board) of IRM as the Alternate Director to Lee Ling Sien.

Lee Chun Kiat's role in IRM is to assist the CEO in executing AME REIT's strategy to expand the fund size. He originates and evaluates potential pipeline properties for AME REIT and oversees the due diligence process for all property investments/divestments. He also assists the Head of Finance and Investor Relations of IRM on investor relation activities.

Apart from the involvement in IRM, Lee Chun Kiat also involved in the business development and operational activities following his appointment to the Board of certain subsidiary companies within AME Group's construction and engineering division since October 2023.
Directorship of Public Companies
Alternate Director to Lee Ling Sien in IRM, the manager of AME REIT (with effect from 8 August 2024).
Family Relationship
Lee Chun Kiat is the son to Lee Chai, brother to Lee Ling Sien, cousin to Lim Khai Wen and Lim Pei Shi, and nephew to Lim Yook Kim and Lee Sai Boon.
Conflict of Interest
The industrial leasing properties held by AME REIT may compete for tenants with the industrial leasing properties developed and/or managed by other subsidiaries of AME Elite.

Lee Chun Kiat, by virtue of his direct interest in AME Elite and AME REIT, is a shareholder of AME Elite and a unitholder of AME REIT. Effective 8 August 2024, he is the Alternate Director to Lee Sai Boon in AME Elite and the Alternate Director to Lee Ling Sien in IRM.

By virtue of the interests set out above, Lee Chun Kiat will abstain from board deliberation and voting on matters involving potential conflict of interest and related party transactions between AME Elite and AME REIT.  Further details of AME Elite and IRM's operational procedures on dealing with potential conflict of interest situations and related party transactions set out in the prospectus of AME REIT dated 17 August 2022.
Interest
AME Elite Consortium Berhad:
- 150,000 ordinary shares (direct)

AME Real Estate Investment Trust:
- 425,800 units (direct)
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