Great Eastern Holdings Limited announced that Mr. Koh Beng Seng will step down as Chairman of the Board at the conclusion of its 24th Annual General Meeting on 21 April 2023. Mr. Soon Tit Koon, who was appointed to the Board on 1 January 2016, will succeed Mr. Koh Beng Seng as Chairman on 22 April 2023. Mr. Soon Tit Koon has over 30 years of experience in business, management, banking and finance.

Mr. Soon held a series of senior positions in Oversea-Chinese Banking Corporation including as the Chief Financial Officer and Head of Group Investments. Prior to joining OCBC Bank, Mr. Soon was the Chief Financial Officer of Wilmar Holdings Pte Ltd. from 2000 to 2002. From 1983 to 2000, he worked in Citicorp Investment Bank (Singapore) Limited and was its Managing Director from 1993 to 2000.