The Board of Hotel Properties Limited approved the appointment of Mr. Nicholas James Loup as a Non-Executive Independent Director, a Member of the Audit Committee and a Member of the Nominating Committee of the Company with effect from May 8, 2023 after having considered the recommendation of the Nominating Committee and having reviewed the credentials and experience of Mr. Loup. Working Experience: 1) Chelsfield Asia (2016 to Present) Group Vice Chairman, CEO Asia 2) Dymon Asia Real Estate (2015-2016) CEO - Business sold to Chelsfield 3) Chelsfield Group Board (2015) Working with Chairman on Group Strategy 4) Grosvenor Asia Pacific, Hong Kong (1996-2015) Chief Executive, and involved with Audit and Remuneration Committees. However, Mr. Loup was a Director of Asia Standard International Group Ltd. (Hong Kong Stock Code Number 129) since August 20, 1999 and re-designated as Non-Executive Director on March 25, 2011.

He resigned on July 9, 2012. The Company will be enrolling Mr. Loup in the relevant training courses offered by the Singapore Institute of Directors within one year from the date of his appointment.