News

Further to our announcements today on the redesignations of our Executive Chairman (Dato' Ahmad Sebi Bakar) to Group Executive Chairman and our Executive Director/Chief Executive Officer (Ms Lee Su Nie) to Group Managing Director, we wish to announce the following changes at the Corporate Office of ASB with effect from 28 September 2012 involving some reorganisation of resources within ASB Group to assist the Group Executive Chairman in overseeing the diversified operations of ASB Group in a more efficient manner:-

Mr Sng Ngiap Koon, currently the Executive Director/Chief Operating Officer of Advance Synergy Realty Sdn Bhd (a wholly-owned subsidiary of ASB) under the Property Development Division of ASB Group, has assumed an additional position as Chief Operating Officer - Asset Development of the Company.

Mr Wong Joon Hian, currently the Managing Director of Advance Synergy Capital Sdn Bhd (a wholly-owned subsidiary of ASB) under the Investment Holding Division of ASB Group and the Managing Director & Chief Executive Officer of Synergy Cards Sdn Bhd (effectively a wholly-owned subsidiary of ASB) under the Card & Payment Services Division of ASB Group, has assumed an additional position as Chief Operating Officer - Financial Services of the Company.

Mr Yap Chee Kong, currently the Chief Executive Officer of Dama TCM Sdn Bhd (an indirect 80%-owned subsidiary of ASB) under the Traditional Chinese Medicine Division of ASB Group, has assumed an additional position as General Manager - Corporate Services of the Company.

We enclose the press release sent to news media today in conjunction with the above.

This announcement is dated 28 September 2012.