Frasers Commercial Trust announced the retirement of Mr. Chay Wai Chuen as a Non-Executive and Independent Director on the Board, as the Chairman of the Audit, Risk and Compliance Committee and as a Member of the Nominating and Remuneration Committee. Mr. Chay has served as a Non-Executive and Independent Director of Frasers Commercial Asset Management Ltd. ("FCOAM"), the manager of Frasers Commercial Trust, since 29 July 2010, and is retiring as part of the board renewal process and for compliance with regulatory requirements. The Board expresses its appreciation to Mr. Chay for his dedication and invaluable contributions during his tenure of service.