Bowsprit Capital Corporation Limited, in its capacity as manager of First Real Estate Investment Trust, announced the formation of a Nominating & Remuneration Committee ("NRC") with effect from 15 February 2016. The NRC comprises the following directors: Mr. Wong Gang (Independent Director) as Chairman, Mr. Albert Saychaun Cheok (Independent Director) and Mr. Ketut Budi Wijaya (Non-Executive Director) as members.