8 July 2022

Anglo-Eastern Plantations Plc

("AEP", "Group" or "Company") 

Directorate Change

Anglo-Eastern Plantations Plc today announces the retirement of its Chairman, Madam Lim Siew Kim, from the Board and all its subsidiaries.

Madam Lim's involvement as a Board member for 29 years and as the Chairman for the last 11 years has seen the Group grow in profitability and the business expanded to what it is today. After achieving a record profit last year, she is confident that the Group is in good hands to continue to grow and expand to enhance shareholders' value.

Madam Lim will remain a shareholder through Genton International Limited.

Mr Jonathan Law, who has served as an Independent Non-Executive Director for 9 years, will continue as a Non-Independent Non-Executive Director and takes over from Madam Lim as the Chairman of the Company with effect from today.

The Board is actively seeking to appoint two Non-Executive Directors, one of which will be an Independent Non-Executive Director.

For further enquiry, contact: