The Board of Directors of KBS US Prime Property Management Pte. Ltd. (the Manager), as manager of Prime US REIT, announced the appointment of Ms. Cheng Ai Phing as the Chairperson of the Audit and Risk Committee (ARC) with effect from 10 March 2022, in place of Professor Annie Koh. Professor Annie Koh will remain as a member of the ARC and cease to be the Lead Independent Director.