Change - Announcement of Cessation::Resignation of Chief Executive Officer
Category: Announcement of Cessation
ISSUER & SECURITIES
Issuer/ Manager
ACROPHYTE HOSPITALITY TRUST MANAGEMENT PTE. LTD.
Securities
ACROPHYTE HOSPITALITY TRUST - SGXC80011726 - XZL
Stapled Security
Yes
ANNOUNCEMENT DETAILS
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Apr-2026 12:44:33
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer
Announcement Reference
SG260420OTHRB9OV
Submitted By (Co./ Ind. Name)
Acrophyte Hospitality Trust Management Pte. Ltd./Gregory Sim Chee Wah
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lee Jin Yong as Chief Executive Officer (CEO).
ADDITIONAL DETAILS
Name Of Person
Lee Jin Yong
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
15 July 2026
Detailed Reason (s) for cessation
Mr Lee Jin Yong will be stepping down as CEO on 15 July 2026 to pursue personal interests. The Board has a succession plan in place which is subject to regulatory approval, and the Board will make an announcement on the successor at the appropriate time. Mr Lee will collaborate closely with the Board and Management team to ensure a seamless transition.
The Board of Directors wishes to take this opportunity to thank Mr Lee for his services to the Managers and Acrophyte Hospitality Trust during his term of office.
Are there any unresolved differences in opinion on material matters between the person and the board of directors including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
1 January 2019
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Mr Lee has full executive responsibilities over the business directions and
day-to-day operational decisions in relation to the management of Acrophyte Hospitality Trust in accordance with the objectives established by the Board.
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Past (for the last 5 years)
ARA Real Estate Investors 31 Limited (Cayman Islands)
ARA Fund Management (AREP Asia II) Limited (Cayman Islands)
ARA Real Estate Partners Asia II GP Limited (Cayman Islands)
ARA Fund Management (PIP) Limited (Cayman Islands)
Present
Acrophyte Hospitality Management, Inc. (USA)
ARA USH REIT, Inc
ARA USH TRS, Inc
ARA USH Investment Holding, LLC (USA)
ARA USH Chicago, LLC (USA)
ARA USH Blue Runner, LLC (USA)
ARA AC Raleigh North Hills, LLC (USA)
ARA CY San Antonio Rim, LLC (USA)
ARA RI San Antonio Rim, LLC (USA)
ARA CS LLC (USA)
ARA TRS Management Limited (Cayman Islands)
ARA USH Chicago Tenant, LLC (USA)
ARA USH Blue Runner Tenant, LLC (USA)
ARA CS Tenant LLC (USA)
ARA USH Dallas, LLC (USA)
ARA USH Chicago Venture Holdings, LLC (USA)
ARA USH Chicago REO Venture LLC (USA)
ARA USH Chicago Propco 3, LLC (USA)
ARA USH Chicago Propco 2, LLC (USA)
ARA USH Chicago Propco 1, LLC (USA)
ARA USH Chicago TRS, LLC (USA)
ARA USH Chicago Tenant Venture, LLC (USA)
ARA USH Chicago Tenant 3, LLC (USA)
ARA USH Chicago Tenant 2, LLC (USA)
ARA USH Chicago Tenant 1, LLC (USA)
ARA USH Chicago Trust 2014 (USA)
ARA USH Chicago (CA), LLC (USA)
ARA US Investments Inc. (USA)
ARA US Hospitality Management Inc. (USA)
ARA US Real Estate Investors Group, LLC (USA)
ARA US Real Estate Investors 1, LLC (USA)
ARA US Real Estate Investors 2, LLC (USA)
ARA (ECO) Plano, LLC (USA)
Claymore Encore Holdings, LLC (USA)
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