BOARD OF DIRECTORS

COUNTRY HEIGHTS HOLDINGS BERHAD

Tan Sri Lee Kim Tiong @ Lee Kim Yew, the founder of Country Heights Holdings Berhad, was first appointed to the Board on 1 October 1986. He was re-designated as the Chairman of Country Heights Holdings Berhad on 2 June 2016. Subsequently, he was, on 1 October 2016, re-designated as the Executive Chairman.

Tan Sri Lee Kim Tiong @ Lee Kim Yew is an established innovative entrepreneur who has stamped his mark in many industries. He has over 30 years of vast experience in developing residential, industrial park, hotel and leisure, commercial and recreation projects. His strong business acumen and visionary leadership are the keys ingredients which led the Group’s successful completion of several highly acclaimed projects. Country Heights Damansara and Borneo Highlands Resort have won the “Highly Commended – Best Development Malaysia” and “Highly Commended - Best Golf Development Malaysia” awards respectively in the Asia Pacific Residential Property Awards in association with Bloomberg Television 2010. Country Heights Holdings Berhad was awarded “Best Brands Conglomerate Awards 2010-2011”.

His magnificent development by transforming the one of the World’s largest open cast tin mine into a flagship development such as Palace of the Golden Horses, Mines Wellness Hotel, Mines Waterfront Business Park, Mines International Exhibition & Convention Centre (“MIECC”), Mines Wonderland and Mines Resort & Golf Club or better known as “Mines Resort City”. The Mines Resort City has earned the National Creativity & Innovation Award by the Malaysian Design Technology Centre in 2004.

In recognition of his immeasurable contribution to the property development and hospitality industry in Malaysia, Tan Sri Lee Kim Tiong @ Lee Kim Yew has been bestowed with the “Lifetime Achievement Award” in the 2008 Technology Business Review ASEAN Awards.

In 2014, Tan Sri Lee Kim Tiong @ Lee Kim Yew was appointed as Advisor to Country Heights Holdings Berhad and its Group of Companies to provide advisory service on the Group’s strategic business development. With the designation as the Chairman of the Company, Tan Sri Lee Kim Tiong @ Lee Kim Yew had resigned as the advisor.

Tan Sri Lee Kim Tiong @ Lee Kim Yew also sits on the Board of Golden Horse Palace Berhad, Mines Wellness Hotel Berhad and several other private companies. He has no directorship in other public listed companies.

Tan Sri Lee Kim Tiong @ Lee Kim Yew is the father of Ms. Lee Cheng Wen, the Deputy Chairman of Country Heights Holdings Berhad, and Mr. Lee Thai Young Matahari, the Executive Director of Country Heights Holdings Berhad.

In view of his direct interest in Country Heights Holdings Berhad and substantial shareholdings in Country Heights Venture Sdn Bhd and Country Heights International Sdn Bhd, he is deemed interested in certain related party transactions of a revenue or trading nature which are necessary for the day-to-day operations of the Group.

Datuk Jared Lim Chih Li was appointed to the Board on 8 September 2020 as Managing Director. Datuk Jared graduated from the University of Bristol in Economics and Accounts in 1993. He started his professional career as a financial analyst for DBS Securities in Singapore and later moved to Credit Lyonnais Securities. He was the Technology Analyst in both institutions. Datuk Jared obtained his Chartered Financial Analyst qualification and Masters in Finance from the University of Hull during his time as an analyst. He also obtained a Post Graduate Diploma in Digital Business from the EMERITUS Institute of Management.

He moved to investment banking and eventually ended up leading the corporate finance department of a Ministry of Finance owned Malaysian investment bank called Avenue Securities. At Avenue Securities he was responsible for setting up the corporate finance unit, eventually building a strong track record in Equity Offerings, Restructurings, M&A and Bond Issues. Datuk Jared built a niche in Malaysia in cross border equity offerings involving PRC enterprises, which eventually led to him starting an Emerging South East Asian private equity model. He is credited for bringing in the first few foreign companies to list in Malaysia.

In 2007, Datuk Jared co-founded a private equity group called Tremendous Asia Partners (TAP), an Asian-owned and Locally-grown private equity fund focused on the consumers space in South East Asia with a focus on value add through design and digital marketing. TAP focuses on the consumer industry with an emphasis on the 5 pillars—F&B services and products; Retail, Education, Healthcare and Media & Entertainment. The Private Equity fund has made roughly US$100 million in investments. Some recognisable portfolios of Datuk Jared include the privatization of “NV Multi”, currently the largest bereavement services operator in South East Asia and Munchies, the largest local biscuit manufacturer in Malaysia and the notable International eatery, T.G.I. Fridays.

In 2007, Datuk Jared co-founded a private equity group called Tremendous Asia Partners (TAP), an Asian-owned and Locally-grown private equity fund focused on the consumers space in South East Asia with a focus on value add through design and digital marketing. TAP focuses on the consumer industry with an emphasis on the 5 pillars—F&B services and products; Retail, Education, Healthcare and Media & Entertainment. The Private Equity fund has made roughly US$100 million in investments. Some recognisable portfolios of Datuk Jared include the privatization of “NV Multi”, currently the largest bereavement services operator in South East Asia and Munchies, the largest local biscuit manufacturer in Malaysia and the notable International eatery, T.G.I. Fridays.

Mr. Ong Tee Chin was appointed to the Board on 20 September 2017 as an Independent Non-Executive Director. He was also appointed as a member of the Audit & Risk Management Committee and Nomination & Remuneration Committee of the Board on 20 September 2017. On 10 April 2018, he was re-designated as the Chairman of the Nomination & Remuneration Committee. On 12 April 2019, he was redesignated as the Chairman of the Audit & Risk Management Committee and as a member of the Nomination & Remuneration Committee.

Mr. Ong Tee Chin graduated with a Bachelor of Pharmacy from University Science Malaysia and a Bachelor of Laws from University of London.

Mr. Ong Tee Chin is a CFA® charterholder and a certified Financial Risk Manager (“FRM”) awarded by the Global Association of Risk Professionals. He is a Chartered Accountant, member of Malaysian Institute of Accountants (“MIA”), Association of Chartered Certified Accountants (“ACCA”), Chartered Institute of Management Accountants (“CIMA”) and a graduate member of Malaysian Institute of Certified Public Accountants (“MICPA”). He was also the prize winner for Advance Taxation, Malaysian variant conducted by ACCA in December 2002. Also, he holds a capital market representative license from Securities Commission Malaysia required for providing advisory work on corporate finance.

His previous experiences include an attachment with one of the Big Four International Accounting Firms and he was a finance director for a number of listed companies with operations in Malaysia and Asia Pacific. His past ten years of experience was heading a licensed corporate finance company in Malaysia, providing corporate finance advisory functions including producing equity valuation and expert reports, independent advice letters and investment research for a diversified range of industries.

Mr. Ong Tee Chin is a director and shareholder of Asia Equity Research Sdn Bhd, a company specialising in providing advisory in corporate finance and investment advice.

Mr. Ong Tee Chin has no directorship in other public listed companies.

Mr Hor Siew Leong was appointed to the Board on 11 July 2019 as an Independent Non-Executive Director. Mr Hor Siew Leong graduated with a Diploma in Electronics Engineering from Linton Technology College, Malaysia and he is currently pursuing the Industrial Engineering at National Productivity Board, Singapore.

Mr Hor Siew Leong was appointed to the Board on 11 July 2019 as an Independent Non-Executive Director. Mr Hor Siew Leong graduated with a Diploma in Electronics Engineering from Linton Technology College, Malaysia and he is currently pursuing the Industrial Engineering at National Productivity Board, Singapore.

Mr Hor Siew Leong started his career as an Engineer with JVC Electronics Pte Ltd from 1989 to 1995 where he was involved in the productivity and quality improvement project, performing total calibration on equipment and instruments and maintaining the company’s ISO 9002 standards. He moved on to helm several business and operational management functions with Kamaya Electric/ Mitsubishi Materials Group, HI-P International Limited for ten years and three years respectively. Subsequently, he was the Operations Director of Stellar Films (Malaysia) Sdn Bhd/ Cardiabioplastics (Malaysia) Sdn Bhd for the next ten years before he assumes his current job.

Mr Hor Siew Leong started his career as an Engineer with JVC Electronics Pte Ltd from 1989 to 1995 where he was involved in the productivity and quality improvement project, performing total calibration on equipment and instruments and maintaining the company’s ISO 9002 standards. He moved on to helm several business and operational management functions with Kamaya Electric/ Mitsubishi Materials Group, HI-P International Limited for ten years and three years respectively. Subsequently, he was the Operations Director of Stellar Films (Malaysia) Sdn Bhd/ Cardiabioplastics (Malaysia) Sdn Bhd for the next ten years before he assumes his current job.

Mr Hor Siew Leong has no directorship in other public listed companies. Mr Hor Siew Leong does not have any conflict of interest with the Company or any family relationship with any Directors and/or Major Shareholders of the Company. He has not been convicted for offences within the past five years other than traffic offences, if any, or any public sanction or penalty imposed by the relevant regulatory bodies during the financial year ended 31 December 2020

Ms. Lee Sow Lin was appointed to the Board on 7 June 2016 as an Executive Director. She was previously a Director of Country Heights Holdings Berhad from 2004 to 2008.

Ms. Lee Sow Lin holds a Bachelor of Economics Degree from Monash University, Melbourne, Australia. She brought with her a wealth of experience in the financial and banking industry. She was previously attached to the Hong Leong Financial Group for 15 years holding various senior positions in commercial banking, corporate banking and branch operations. In Hong Leong Finance, Ms. Lee Sow Lin was spearheading the overall real estate lending in Malaysia where she led and managed project financing and lending to property companies.

In Hong Leong Bank, Ms. Lee Sow Lin was part of the core team that led the commercial banking functions after acquiring MUI Bank. She was involved in the commercial banking and corporate banking business and later in branch operations.

Ms. Lee Sow Lin joined Tan Sri Lee Kim Tiong @ Lee Kim Yew’s private arm business in December 1999 where she was involved in managing his personal companies’ gearing and funding requirements including overseeing his companies’ corporate exercise matters.

During her directorship in Country Heights Holdings Berhad from 2004 to 2008, Ms. Lee Sow Lin was responsible in steering the restructuring of certain debts of the Group, namely the Cumulative Redeemable Preference Shares (“CRPS”) which involved the issuance of Redeemable Convertible Secured Loans Stock (“RCSLS Series A & B”). She was also instrumental in getting CapitaLand Singapore to purchase the Mines Shopping Mall for the settlement of the loan stock RCSLS Series A & B.

In her current position as Executive Director of Country Heights Holdings Berhad, Ms. Lee Sow Lin is responsible to oversee the Group’s corporate exercises and assists the Executive Chairman (during his absence) to oversee the Group’s overall management. Ms. Lee Sow Lin also helps to liaise with bankers, stakeholders (including potential investors) and oversee the strategic business alliances for the Group.

Ms. Lee Sow Lin has no directorship in other public listed companies.

Mr. Yip Chun Mun was appointed to the Board on 7 June 2016 as an Executive Director.

Mr. Yip Chun Mun holds a Bachelor’s Degree in Administrative Studies from York University, Toronto, Canada. He is currently the Executive Director for Palace of the Golden Horses and Managing Directors of GHHS Healthcare, GHHS Chinese Medical Centre and GHHS Wellness & Spa. He is also the Chief Executive Officer of Palace Vacation Club and Mines Global Holidays Sdn Bhd (inbound travel agency).

Mr. Yip Chun Mun is currently the Chairman of the Malaysian Holiday Timeshare Developers’ Federation (“MHTDF”). He has over 30 years of experience in the Malaysian timeshare industry. Mr. Yip Chun Mun started Mines Marketing Sdn Bhd, a marketing agency for Country Heights Group in January 1999 as a Director and General Manager and has since marketed a variety of memberships and property products for Country Heights Group including GHHS Health United, Palace Vacation Club, Mines Golf membership, Hornbill Golf membership, Dignitaries Club and Heritage Serviced Residences. To-date, he has recruited more than 40,000 members for these various memberships and generated over RM1 billion sales revenue.

His other accomplishments include conceptualising and marketing the 1st in Malaysia oil palm farm sharing investment scheme named Country Heights Growers Scheme to more than 10,000 investors and generated an investment fund of over RM200 million. He had previously marketed and led the sales and marketing division of Palace of the Golden Horses, Mines Wellness Hotel and Borneo Highlands Resort. On the tourism business, he has developed and marketed tourism products for golf tourism, education program, property tourism, “Malaysia My Second Home” program, and medical tourism packages specifically targeted to the Middle East, China, Korea, Vietnam and Indonesia markets.

Mr. Yip Chun Mun is also a Director of Golden Horse Palace Berhad, Country Heights Timeshare Berhad, Mines Excellent Golf Resort Berhad and several private companies. He has no directorship in other public listed companies.



Notes

Save as disclosed above, none of the Directors has
any family relationship with any Directors and/or Major Shareholders of the Company any conflict of interest with the Company

Conviction for Offences
None of the Directors has been convicted for offences within the past 10 years other than traffic offences.

Attendance of Board Meetings
The attendance of the Directors at Board of Directors’ Meetings is disclosed in the Corporate Governance Statement.