Pursuant to paragraph 15.02 of the Rules on Take-overs, Mergers and Compulsory Acquisitions and the letter of consent dated 17 August 2026 from the Securities Commission Malaysia, approval has been granted for resignation ahead of the first closing date of the take-over offer in relation to the Company.

Tan Sri Datuk Chen Lok Loi was appointed to the Board on 31 July 1984 and was appointed as the Group Managing Director on 19 January 2005. He was a Non-Independent Non-Executive Director of MKH Oil Palm (East Kalimantan) Berhad. 

He was the recipient of "The Edge Malaysia Outstanding Contribution to the Real Estate Industry 2024 Award", "The Edge Malaysia Outstanding Property CEO Award 2018", "CIDB's Malaysian Construction Industry Excellence Awards 2015 - CEO of The Year", "Greentech Malaysia Top 30 Green Catalysts Award 2014" and "Real Estate and Housing Developers' Association (REHDA) Personality Award 2013". He has 44 years of experience in property development and construction related businesses and is the past Chairman of Perbadanan PR1MA Malaysia. He is a patron of REHDA Malaysia and the industry advisor for Master of Business Administration (Building Management) Programme in Universiti Tunku Abdul Rahman and also the President of Building Management Association of Malaysia (2021-2022), EXCO member of the Malaysia Crime Prevention Foundation as well as the Board Advisors for Malaysia Shopping Malls Association (2018-2026). As an advocate of healthy living, he is also the President of the Race Walkers' Association of Malaysia and President of the Royal Selangor Golf Club. 

He was an active committee member in various government-private sector organisations that formulate policies governing the housing and real estate industry such as Advisory Council Member of Construction Labour Exchange Centre Berhad, PEMUDAH Special Task Force on Kuala Lumpur City Hall and CIDB Pemandu Pembangunan Pelan Induk Industri Pembinaan 2 (2016-2020).

Tan Sri Datuk Chen Lok Loi is the brother of Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong and Datuk Chen Fook Wah.

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