Wee Hur Holdings Ltd.,announced the promotion/re-designation of Mr. Goh Wee Ping (age 37) as its Chief Investment Officer ("CIO") with effect from 1 Aug. 2023. As CIO, Mr. Goh is chiefly responsible for the strategic management and oversight of the Group's investment portfolio, covering areas of investment strategy, capital allocation, cash flow management, risk management and portfolio management. He shall align the capital deployed with the Group's long-term objectives, ensuring optimal returns commensurate with its risk appetite and market conditions. He will work hand in hand with the other Group executives to
monitor and report performance to the Board regularly. Since joining the Group in 2012, Mr. Goh has been involved in both the construction and Singapore property development arm. In 2014, Mr. Goh spearheaded the diversification of the Group's real estate business by leading the expansion into Australia, which eventually led him to helm Wee Hur Capital Pte. Ltd., a wholly owned subsidiary of the Group, in 2017 as its CEO. Over the past 6 years, Mr. Goh has successfully built up the Group's fund management business with approximately SGD 1.3BN AUM currently in the purpose-built student accommodation space in Australia. While building up the Group's capabilities in fund management as the CEO of Wee Hur Capital Pte. Ltd., Mr. Goh has also prudently helped the Group explore and diversify into other financial asset classes like private equity, venture capital and private credit etc., setting the stage for further growth in the next decade. Mr. Goh holds a Bachelor of Engineering (Civil Engineering) from the National University of Singapore. He will continue to hold his appointment as CEO of Wee Hur Capital Pte. Ltd.