Elite Commercial REIT announced the resignation of Wang Shaldine as Chief Executive Officer and Member of the Sustainability Committee of Elite Commercial REIT Management Pte. Ltd. Ms Wang is principally responsible for management and conduct of the business of the REIT Manager. She has full executive responsibilities over the business direction and operational decisions in managing the REIT.

She was director of Regal Sheen Investment Limited. She is Director of Elite UK Commercial Holdings Limited, Elite UK Commercial Investment Limited, Elite UK Commercial Limited, Elite Gemstones Properties Limited, Elite Kist Limited, Elite Amphora Limited, Elite Cask Limited and Elite Commercial REIT Management (UK) Pte Ltd. As part of the regular succession and leadership renewal process, Ms Wang will relinquish her role as Chief Executive Officer of Elite Commercial REIT Management Pte. Ltd. to assume another senior management role within the Elite Partners Group.

The Board of Directors of Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT (the "REIT Manager") wishes to take this opportunity to thank Ms Wang for her services to the REIT Manager and Elite Commercial REIT during her term of office.