Aseana Properties Limited

("Aseana" or the "Company")

Appointment of a new independent Director based in Malaysia

03 March  2023

Aseana Properties (LSE:ASPL), a property developer in Malaysia which is listed on the Main Market of the London Stock Exchange, announces that the Directors have appointed Mr Hock Chye Tan, who is based in Malaysia, as a new independent Director with immediate effect.  He has also been elected to join the Audit Committee of the Company.

Mr Tan is a Chartered Global Management Accountant (CGMA) of the Association of International Certified Professional Accountants, a Fellow Member (FCMA) of the Chartered Institute of Management Accountants and a Chartered Accountant (CA(M)) with the Malaysian Institute of Accountants. He obtained an MBA from Oklahoma City University and has attended a Harvard Premier Management Program. He also holds a Diploma in Commerce from TAR University College.

He has worked in Papua New Guinea, Singapore and Malaysia in both private and public companies and held senior management and Board positions.  Currently, he is the CFO of SEATech Ventures Corp., a start-up company listed on the US OTC Pink Market.  He is also the National Assistant Treasurer of SME Association of Malaysia and Treasurer of the Malaysia Cross Border E-Commerce Association.

For further information:

Aseana

Nick Paris, Non-Executive Chairman                      nickparis@btinternet.com

                                                                                      +44 7738 470550

Grant Thornton UK LLP

Philip Secrett/George Grainger                              +44 207 383 5100