IOI Group's statement on founder Lee Shin Cheng's passing

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Joint Media Statement by IOI Corp Bhd and IOI Properties Group Bhd

It is with deep sadness that the companies announce the passing away of our founder and executive Chairman, Tan Sri Dato’ Dr Lee Shin Cheng on June 1, 2019. Tan Sri Dato’ Dr Lee passed away peacefully after a period of illness at the age of 80.

It is through Tan Sri Dato’ Dr Lee’s vision, hard work and enterprising spirit that both of our Companies have become leading corporations in our respective sectors. IOI Corp Bhd is an integrated palm oil company which has operations in eight
countries across Asia, Africa, Europe and North America; while IOI Properties Group Bhd is a property development and investment company which has substantial presence in Singapore and China.

On the community and industry service front, Tan Sri Dato’ Dr Lee was the patron and advisor of many community and business associations in Malaysia. Among his most notable contributions was leading the redevelopment of the 111-year old Kuen Cheng Secondary School as the Chairman of its Board of Directors over the last 20 years. The charity foundation founded by him, Yayasan Tan Sri Lee Shin Cheng, contributed to the entire development of Shin Cheng (Harcroft) Primary School in Puchong, Selangor, besides many other educational and community welfare activities over the last 25 years.

Tan Sri Dato’ Dr Lee leaves behind his wife, six children and 12 grandchildren. His eldest son, Dato’ Lee Yeow Chor, is the Chief Executive Officer of IOI Corporation Bhd and the Chairman of Malaysian Palm Oil Council. His other son, Lee Yeow Seng and his second daughter, Lee Yoke Har, are respectively the Chief Executive Officer and the Executive Director of IOI Properties Group Bhd.