Ascott Residence Trust names Lee Chee Koon as director

He is currently the deputy CEO of the Company's parent, The Ascott Limited and will be the CEO of The Ascott Limited effective 1 June 2013.

The Board of Ascott Residence Trust announced the appointment of Lee Chee Koon as non-independent non executive director.

Before Mr Lee, 38, joined The Ascott Limited in 2009 as its Managing Director for China, he was Vice President in the Office of the President at CapitaLand Limited. Prior to joining CapitaLand Limited in 2007, Mr Lee held appointments in various ministries such as the Ministry of Trade and Industry, Ministry of Finance, and the Monetary Authority of Singapore.

Mr Lee has a Master in Science (Engineering) from Imperial College and a Bachelor of Engineering from National University of Singapore. The Board is confident that Mr Lee will be able to contribute significantly to the Ascott Residence Trust Group.