Trustee-Manager of Keppel Infrastructure Trust appoints Mr Khor Poh Hwa as new Independent Director and ESG Committee member

01 Jul 2024
Trustee-Manager of Keppel Infrastructure Trust appoints Mr Khor Poh Hwa as new Independent Director and ESG Committee member

Keppel Infrastructure Fund Management Pte Ltd (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT), is pleased to announce, as part of the Board's renewal, the appointment of Mr Khor Poh Hwa (许保华), 74, as an independent director on the Board of KIFM and a member of the Environmental, Social and Governance (ESG) Committee, with effect from 1 July 2024.

Mr Daniel Ee (余福发), Chairman of KIFM, said, "We are pleased to welcome Poh Hwa to KIFM's Board as an independent director. Poh Hwa was the first Chairman of KIFM, where he played a significant role in the formative years of K-Green Trust, which was renamed as Keppel Infrastructure Trust and subsequently combined with CitySpring Infrastructure Trust. Poh Hwa brings with him decades of experience in infrastructure development and management, which will strengthen the Board's competencies as we continue to steer KIT to deliver sustainable growth and value to our Unitholders."

Mr Khor spent 23 years with the Public Works Department (PWD), Singapore where he held various engineering posts related to road and transportation projects, building, and airport development. He was seconded to the China-Singapore Suzhou Industrial Park from 1995 to 1997 as the Deputy CEO of the Suzhou Industrial Park Development Co. Ltd., where was in charge of infrastructure development. On his return, he assisted with the corporatisation of PWD and served as its first CEO until 2003 and continued to serve as its senior advisor up till 2008.

Mr Khor had previously served on the boards of various Keppel entities and was also an advisor for township and infrastructure devlopment at Keppel.

He holds a Bachelor of Engineering (Civil) from the then University of Singapore in 1975, and a Master of Science (Civil Engineering) from the National University of Singapore.

Compositions of the Board and the Board Committees

Following the abovementioned changes, the Board of KIFM will comprise seven Directors, of whom six are Independent Directors. The compositions of the Board and the Board committees with effect from 1 July 2024 will be as follows:

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About Keppel Infrastructure Trust

Keppel Infrastructure Trust (KIT) is a diversified business trust listed on the Singapore Exchange (SGX-ST) with approximately S$8.8 billion in assets under management. Its goal is to deliver sustainable and growing returns to Unitholders, through a combination of recurring distributions and capital growth.

KIT's portfolio of strategic infrastructure businesses and assets provide essential products and services to a wide array of customers including government agencies, multinational corporations, commercial and industrial enterprises as well as retail consumers.

The Trustee-Manager for KIT is Keppel Infrastructure Fund Management Pte. Ltd. (KIFM). KIT is sponsored by Keppel, which invests in, owns and operates competitive energy and infrastructure solutions and services.

IMPORTANT NOTICE

The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, KIFM or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request KIFM to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The past performance of KIT is not necessarily indicative of the future performance of KIT. This announcement may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the KIFM's current view on future events.

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