The Board of Directors of UOL Group Limited announced the passing of Dr Wee Cho Yaw, Chairman and Director of the Company, aged 95, on 3 February 2024. Dr Wee was a visionary business leader, pioneering entrepreneur and philanthropist. A distinguished banker with more than 60 years' experience and a veteran in the banking, insurance, real estate and hospitality industries, Dr Wee had received national and regional awards and industry accolades for his business achievements and support of education, community welfare and the business community. Since 1973, Dr Wee had served as the Chairman of UOL for over 50 years. Under his helm, the Company grew from strength to strength, from a company solely based in
Singapore with an asset size of $70 million, to a diversified property and hospitality group with presence in 15 countries and total assets of over $20 billion.