Dear Valued Clients & Business Partners,

Please be informed that Mr. Teh Song Lai has been appointed CEO of Pheim Asset Management Sdn Bhd (“PAMSB”) following approval received from the Securities Commission, Malaysia, on 27 July 2020. During the transition period until the CEO position of PUTB is filled, Mr. Teh would provide the necessary support, strategic directions and guidance. We take this opportunity to congratulate him on his new appointment and look forward to add values and serve you better with Mr. Teh at the helm in our holding company, PAMSB.

Thank you.