CHIU Kwok Hung, Justin, Chairman of the REIT Manager, is also the Chairman of ARA Asset Management Limited (“ARA”), the holding company of the REIT Manager, the Chairman of ARA Trust Management (Suntec) Limited (the manager of Suntec REIT) and ARA Asset Management (Singapore) Limited (the manager of Fortune REIT). ARA, Suntec REIT and Fortune REIT are all listed on the Main Board of the Singapore Exchange Securities Trading Ltd. (“SGX-ST”). Mr. Chiu is an Executive Director of Cheung Kong. He joined Cheung Kong in 1997 and has been an Executive Director since 2000, heading the real estate sales and leasing, marketing and property management departments.

With more than 29 years of international real estate experience, Mr. Chiu is one of the most respected professionals in the Hong Kong property industry. Prior to joining Cheung Kong, Mr. Chiu was with Hang Lung Gr oup Limited (formerly known as Hang Lung Development Company Limited) for 15 years from 1979 to 1994 and later with Sino Land Company Limited for 3 years from 1994 to 1997. He was in charge of the leasing as well as pr operty management business for both companies.

Mr. Chiu holds a Bachelor of Sociology and Economics degree from Trent University in Ontario, Canada. He is a fellow of the Hong Kong Institute of Real Estate Administrators and a member of the Shanghai Committee of The Chinese People’s Political Consultative Conference, the People’s Republic of China.

LIM Hwee Chiang, John, a Non-executive Director of the REIT Manager, is also the Group Chief Executive Officer and an Executive Director of ARA. He has been the Group Chief Executive Officer and a Director since ARA’s establishment. He is also a director of ARA Trust Management (Suntec) Limited (the manager of Suntec REIT), ARA Asset Management (Singapore) Limited (the manager of Fortune REIT) and AmARA REIT Managers Sdn Bhd (the manager of AmFIRST REIT which is listed on the Main Board of Bursa Malaysia Securities Berhad). In addition, Mr. Lim is an independent director and member of the audit committees of Teckwah Industrial Corporation Limited and Inter-Roller Engineering Limited, both of which are listed on the SGX-ST. He is also the vice president of the Hong Kong-Singapore Business Association and a board member of the Asian Public Real Estate Association as well as the Valuation Review Board of the Ministry of Finance of Singapore.

Mr. Lim has more than 28 years of experience in real estate. Prior to the founding of ARA, from 1997 to 2002, he was an executive director of GRA (Singapore) Pte. Ltd. (“GRA”), a wholly-owned subsidiary of Prudential (US) Real Estate Investors. From 1996 to 1997, he founded and was the managing director of The Land Managers (S) Pte. Ltd., a Singapore-based property and consulting firm specializing in feasibility studies, marketing and leasing management in Singapore, Hong Kong and China. He was the general manager of the Singapore Labour Foundation Management Services Pte. Ltd. from 1991 to 1995, and was with DBS Land Limited (now part of CapitaLand Limited) from 1981 to 1990.

Mr. Lim holds a Bachelor of Engineering (First Class Honours) in Mechanical Engineering, a Master of Science degree in Industrial Engineering, as well as a Diploma in Business Administration, each from the National University of Singapore.

Stephen CHU, Executive Director, Chief Executive Officer and a Responsible Officer of the REIT Manager.

Mr. Chu has mor e than 19 years of international property experience in the fields of leasing, sales, facility and property management and marketing work covering retail, residential, hotel, and commercial sectors of the real estate market.

MA Lai Chee, Gerald, a Non-executive Director of the REIT Manager, is currently the Director, Corporate Strategy Unit and Chief Manager, Corporate Business Development at Cheung Kong. He is also a Director of AMTD Financial Planning Limited, iBusiness Corporation Limited, CK Communications Limited, Beijing Net-Infinity Technology Development Company Limited and mReferral Corporation (HK) Limited, and a Non-Executive Director of The Ming An (Holdings) Company Limited. Mr. Ma is an Alternate Director to Mr. Ip Tak Chuen, Edmond, Director of ARA Trust Management (Suntec) Limited (the manager of Suntec REIT) and ARA Asset Management (Singapore) Limited (the manager of Fortune REIT). He is also an Alternate Director to Mr. Peter Wong, Executive Director of Hutchison Telecommunications International Limited.

Mr. Ma has over 19 years of experience in banking, investment and portfolio management, real estate development and marketing, as well as managing IT related ventures and services. He is a member of the Finance Committee and the Hospitality Services Committee for Caritas Hong Kong and a member of the Finance Committee for The Scout Association of Hong Kong. He is also a member of the Chancellor’s Circle of the University of British Columbia, Canada (“UBC”) and a member of the Dean’s Advisory Board for the Faculty of Arts of UBC. He holds a Bachelor of Commerce degree in Finance and a Master of Arts degree in Global Business Management.

LAN Hong Tsung, David, an Independent Non-executive Director and Chairman of the Audit Committee of the REIT Manager, has been an Independent Non-executive Director and a member of the Audit Committee of Cheung Kong Infrastructure Holdings Limited since February 2005. He is also an Independent Non- executive Director of Hutchison Harbour Ring Limited and SJM Holdings Ltd. He is currently the Chairman of David H T Lan Consultants Ltd., and holds directorship at Nanyang Commercial Bank Ltd. as well as being Senior Advisor of Mitsui & Co. (H.K.) Ltd. Mr. Lan was the Secretary for Home Affairs of the Government of the Hong Kong Special Administrative Region until his retirement in July 2000. He had served as civil servant in various capacities for 39 years. He was awarded the Gold Bauhinia Star Medal (GBS) on 1 July 2000. In January 2003, he was appointed as National Committee Member of the Chinese People’s Political Consultative Conference of the People’s Republic of China. Mr. Lan is a Chartered Secretary and a fellow member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators. He received his Bachelor of Arts degree in Economics and Law from the University of London and completed the Advanced Management Program (AMP) of the Harvard Business School, Boston. He was also awarded Fellow, Queen Elizabeth House (Oxford).

SNG Sow-Mei (alias POON Sow Mei), an Independent Non- executive Director and Member of the Audit Committee of the REIT Manager, has been appointed as Independent Non- Executive Director and member of the Audit Committee of Cheung Kong Infrastructure Holdings Limited since September 2004. She is also an Independent Dir ector and a Member of the Audit Committee of ARA Asset Management (Singapore) Limited (the manager of Fortune REIT) and ARA Trust Management (Suntec) Limited (the manager of Suntec REIT). Since 2001, Mrs. Sng has been the Senior Consultant (International Business) of Singapore Technologies Electronics Ltd. Concurrently she is the Advisor of InfoWave Pte Ltd and Director of Infa Systems Ltd. Prior to her appointment with Singapore Technologies Pte Ltd, where she was Director, Special Projects (North East Asia) in 2000 and a Consultant in 2001, Mrs. Sng was the Managing Director of CapitaLand Hong Kong Ltd for investment in Hong Kong and the region including Japan and Taiwan. In Hong Kong from 1983 to 1997, Mrs. Sng was the Centre Director and then Regional Director of the Singapore Economic Development Board and Trade Development Board respectively. She was Singapore’s Trade Commissioner in Hong Kong from 1990 to 1997. Mrs. Sng, with a Bachelor of Arts degree from the Nanyang University of Singapore, has wide experience in various fields of industrial investment, business development, strategic and financial management, especially in property investment and management. In 1996, Mrs. Sng was conferred the title of PPA (P) — Pingat Pentadbrian Awam (Perak), the Singapore Public Administration Medal (Silver).

Robert Douglas POPE, an Independent Non-executive Director and Member of the Audit Committee of the REIT Manager, was the director of the Lands Department under the Hong Kong Gover nment and the Gover nment of the Hong Kong Special Administrative Region for 9 years beginning in August 1993 until he retired in May 2002. During his retirement, he has carried out a small property consultancy business advising several Hong Kong clients.

Mr. Pope joined the Government in February 1970 and was in the Lands Department for 32 years during which time he served in various posts and for several years he was a member of the Sino British Land Commission. He was also a member of the Town Planning Board, the Housing Authority, the managing board of the Land Development Corporation and the supervisory board of the Hong Kong Housing Society. Mr. Pope was awarded the Order of the British Empire (OBE) in July 1997, and the Silver Bauhinia Star Medal (SBS) in July 2002 for his meritorious and dedicated service to the Government particularly in the evolution of land policy.