The Board of Directors (the Board) of Link Asset Management Limited (Link), the manager of Link Real Estate Investment Trust (Link REIT; Hong Kong stock code: 823), today (Tuesday) announced its plans for leadership transition following the recent announcement that Group CEO and Executive Director, George Hongchoy, will retire.

Mr Hongchoy will stand down from his role as Group CEO, Executive Director and other official positions with Link by 31 December 2025. Over the coming months, Mr Hongchoy will support a smooth transition to an interim leadership structure.

John Saunders, Group Chief Investment Officer, will be appointed to Link’s Board as Executive Director, effective from 1 January 2026. Mr Saunders will work together with Kok-Siong Ng, Executive Director and Group Chief Financial Officer, as an interim leadership structure to cover the responsibilities of the Group CEO, reporting to Link’s Chair Duncan Owen and the Board.

Mr Owen, together with a newly formed Chairs Committee comprising Mr Owen and the Chairs of the other Board Committees, will provide oversight, support and independent non-executive guidance to the Executive Directors in the execution of strategy and implementation of key initiatives, ensuring appropriate governance and progress with the Group’s strategy continues during this period.

Mr Owen said: “This interim arrangement will allow George to fulfil his wish to retire, leveraging the strong and established leadership team that Link has in place to deliver continuity until such time that a new Group CEO is able to take up the role. I would like to reiterate the Board’s gratitude to George for his leadership over the past 16 years and to welcome John to the Board. We look forward to continuing to work with John, Kok-Siong, and Link’s wider leadership team to drive forward the business.”

The independent Board members continue to progress a comprehensive process to identify the next Group CEO for Link. Further updates will be made in due course.

Further details can be found in the announcement published by Link REIT on the HKEXnews website today.

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About Link Asset Management Limited

Link Asset Management Limited (Link) is a leading, independent, and fully integrated real estate investor and manager focusing on the APAC region. It manages Link Real Estate Investment Trust (Link REIT, Hong Kong stock code: 823), the largest REIT in Asia, and its real estate investment portfolio. Link also aims to leverage its investment management capabilities to serve as a trusted investment manager to capital partners through its business line, Link Real Estate Partners.

Building on its strong track record over almost two decades, Link targets to deliver resilient returns and growth to its unitholders. Link offers a “REIT plus” investment case through its strategic focus on diversifying the Link REIT Portfolio across geographies and asset classes in APAC and expanding its investment management business.

Link aspires to be the trusted partner in APAC real estate sector for unitholders, capital partners, tenants, and the wider communities it serves.

For more information about Link, please visit https://www.laml.com/en/.