Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-May-2026 17:31:05
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Director
Announcement Reference
SG260518OTHRPJZ9
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Kwek Leng Peck as Non-Independent Non-Executive Director.

Additional Details

Date of appointment
01/06/2026
Name of person
Kwek Leng Peck
Age
69
Country of principal residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board has approved the appointment of Mr Kwek Leng Peck as a Non-Independent Non-Executive Director and Vice Chairman of the Company. He has decades of experience in property investment and development, hotel operations, trading, manufacturing, corporate finance and management. Mr Kwek's appointment would enhance the Board s core competencies in strategic planning and leadership and management, as identified in the Board's skills matrix. In particular, Mr Kwek's experience and familiarity with the Group's business and operations would enable him to effectively support the Executive Chairman, assist with key strategic initiatives and contribute meaningfully in the role of Vice Chairman.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Director
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and Vice Chairman and Member of the Nominating and Remuneration Committee
Professional qualifications
Diploma in Accountancy
Working experience and occupation(s) during the past 10 years
April 2017 to Present
Executive Chairman of Hong Leong Asia Ltd. ("HLA")

April 1998 to April 2017
Executive Director of HLA

December 1982 to Present
Executive Director of Hong Leong Investment Holdings Pte. Ltd. ("HLIH")

October 2001 to Present
Executive Director of Hong Leong Corporation Holdings Pte. Ltd.

January 1989 to Present
Executive Director of Hong Realty (Private) Limited ("HR")
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
731,458 shares in City Developments Limited
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cousin of the Executive Chairman, Mr Kwek Leng Beng, and uncle of Mr Sherman Kwek Eik Tse, Executive Director and Group Chief Executive Officer.

A Director of HR, Hong Leong Holdings Limited ("HLHL") and HLIH, substantial shareholders of City Developments Limited.
Conflict of interest (including any competing business)
Mr Kwek Leng Peck is a director of HLHL and HR, both of which are also in the real estate ownership and development business in the Singapore residential market. In this regard, protocols and procedures are in place to manage any potential conflict of interest should they arise, and Mr Kwek will recuse from any discussion and decision-making in connection with such potential transactions.
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
Please refer to the attached Annexure A
Present
Principal Commitments
Please see information under segment "Working experience and occupation(s) during the past 10 years".

Directorships
Please refer to the attached Annexure B
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,
in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If yes, please provide details of prior experience.
Mr Kwek Leng Peck is currently a director of the following listed companies:
1. Hong Leong Asia Ltd
2. Hong Leong Finance Limited

Attachments

Annexure A - Kwek Leng Peck.pdf
Annexure B - Kwek Leng Peck.pdf
Total size =179K