Finbar Group Limited announced the retirement of Non- Executive Director Mr. Loh Kee Kong and the appointment of Mr. Eldon Wan as Non- Executive Director. Mr. Loh Kee Kong was appointed to the Board of Finbar in April 1993 as Finbar was commencing its transition from an integrated marine services company to its re-listing on the securities exchange to ultimately become Western Australia's leading apartment development company. The Board announced the appointment of Mr. Eldon Wan as a Non-Executive Director.

Mr. Wan is 51 years of age and the current Chief Operating Officer of Finbar's shareholder, Chuan Hup Holdings Limited, where he is responsible for development, establishing, and implementing operating policies, business plans, and strategies. Mr. Wan holds a Bachelor of Accountancy degree and is a Fellow Chartered Accountant of Singapore. Mr. Wan has over 25 years' experience in the finance and accounting sectors.

He has accumulated industry experience in mergers and acquisitions, financial and management reporting, budgeting, taxation, treasury as well as corporate governance and risk management matters.