Change - Announcement of Appointment::Appointment of Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
DUTY FREE INTERNATIONAL LIMITED
Securities
DUTY FREE INTERNATIONALLIMITED - SG2C70966271 - 5SO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Nov-2025 17:27:03
Status
New
Announcement Sub Title
Appointment of Group Chief Executive Officer
Announcement Reference
SG251110OTHRTMU9
Submitted By (Co./ Ind. Name)
Jeneral Tan Sri Dato' Sri Abdullah bin Ahmad @ Dollah bin Amad (B)
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Datuk Lee Kok Khee as Group Chief Executive Officer

Additional Details

Date of appointment
10/11/2025
Name of person
Lee Kok Khee
Age
57
Country of principal residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee (the "NC") and the Board of Directors (the "Board") of the Company have reviewed the appointment of Datuk Lee Kok Khee ("Datuk Lee") as the Group Chief Executive Officer of the Company. The Board approved his appointment based on his past qualifications and work experience.

The NC and the Board believe that Datuk Lee's experience would be beneficial to the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive

Datuk Lee is responsible for carrying out the strategies and policies as established by the Board of Directors and for overseeing the operations and business development of the Group's duty-free, property, and automotive segments in Malaysia.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Professional qualifications
Datuk Lee holds a professional qualification from the Malaysian Institute of Certified Public Accountants.
Working experience and occupation(s) during the past 10 years
Datuk Lee has been with Kenanga Investment Bank Berhad ("KIBB") for twenty-two (22) years, and his last position held in KIBB was as the Executive Director, Head of Group Equity Business. Datuk Lee has extensive experience in equity broking, equity derivatives, investment banking, corporate finance, fintech and digital businesses. Under his leadership while heading KIBB's Group Equity Business Division, KIBB's equity business had clinched various awards domestically and internationally, while its equity derivatives business was the top structured warrants issuer in Malaysia and won awards both locally and internationally, whereas Rakuten Trade Sdn Bhd, a fully online broking company that was co-founded by KIBB and Rakuten Securities, Inc. in 2016, had also won the 2018 Fintech Company of the Year award in Malaysia.
Shareholding interest in the listed issuer and its subsidiaries?
No
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
Nil
Conflict of interest (including any competing business)
Nil
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)
Kenanga Investment Bank Berhad
Present
Group Chief Executive Officer of Atlan Holdings Bhd
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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.
Not applicable