The board of directors of Southeast Asia Properties & Finance Limited announced Mr. Richard Sy Tan has been appointed as an executive director of the Company with effect from the conclusion of annual general meeting of the Company held on 26 August 2022. Mr. Tan, aged 43, has over 20 years of architecture experience in construction projects in Philippines and Hong Kong. Mr. Tan obtained a bachelor of science in architecture from Mapua Institute of Technology and a bachelor of science in interior design from Philippine School of Interior Design.

He is a licensed architect and interior designer of the Republic of the Philippines Professional Regulation Commission. He is currently a freelance architect involved in planning and designing various residential and commercial developments. Mr. Tan is a son-in-law of Mr. Chua Nai Tuen who is the Chairman, Managing Director and the controlling shareholder of the Company.

He is the brother-in-law of Mr. Nelson Junior Chua and Mr. Gilson Chua. Mr. Nelson Junior Chua is the director of the Company and Mr. Gilson Chua is the member of senior management of the Group. As at the date of this announcement, Mr. Tan is deemed to be interested in 1,000,000 shares of the Company held by his spouse, Ms. Monica Joyce Chua.

Mr. Tan will primarily be responsible for property development in Philippines and Hong Kong and as the Company's representative in Philippines to manage investment in Philippines.