Company Overview

Mining, processing and sale of phosphate rock, phosphate dust and chalk, providing earthmoving, fuel pilotage, maintenance and stevedoring services to other Christmas Island organizations and operating a palm oil estate, processing and sale of palm oil products and trading, importing and exporting of commodities.

Directors and Management

Mr Ah Hong Lai

Managing Director 30/05/2008

Mr Lai has been in the growth and success of Phosphate Resources Limited, from its beginnings 30 years ago. It was in 1989 that the Christmas Island community came together to form PRL, investing their hard-earned savings and reopening the mine in 1990. Lai was a founding director of the newly formed entity. Under his leadership the Company has been transformed into an integrated and diversified business with interests in mining, agriculture, energy, asset management, maintenance, transport and logistics. Lai is by nature, an entrepreneur with a eye for unlocking business opportunities. He has experience in the phosphate mining and fertilizer industries in Australia and South East Asia. Mr Lai is a member of the Investment Committee.

Male

Mr Lip Sin Tee

Executive Director 25/06/2007

Mr Tee has been involved in palm oil milling and management of palm oil plantations since 1995. Currently, he sits on the board of a number of private companies and is also the Executive Director for the Prosper Group of Companies which holds seven palm oil mills and 60,000 acres of palm oil plantations. He also has experience in operating 35,000 acres of plantation in Indonesia. Dato' Sri Tee Lip Sin was appointed Executive Director of Phosphate Resources (Malaysia) Sdn Bhd and Phosphate Resources (Singapore) Pte Ltd, both wholly owned subsidiaries of CI Resources, effective from 1 July 2015. Dato' Sri Tee Lip Sin is a member of the Investment Committee.

AscDipComm, PostGradExecDip(Plantation Mgm), BA(Bu Male

Mr David James Somerville

Non-Executive Chairman,Non-Executive Director 28/11/2008

Mr Somerville has an accounting background having been a senior partner in a large Western Australian accounting practice, before establishing a financial services company which listed on the Australian Securities Exchange in 2007. He has over 30 years experiences in a corporate capacity across a number of companies and a number of industry sectors including financial, resources and property development. Mr Somerville is the Chairman of the Investment Committee and a member of Risk Management Committee.

B.Bus, MBA, CPA, AFAIM Certified Practising Accountant Male

Mr Lip Jen Tee

Non-Executive Director 18/03/2011

Mr Tee started his career as a Process Engineer in the manufacturing industry for 2 years before expanding his experience as a Project Engineer in a refinery plant specialising in producing downstream palm oil products. He is currently the Assistant Chief Engineer in charge of overseeing engineering and production activities in ten palm oil mills with an estimated production output of 410,000 metric tonnes of crude palm oil per year. Apart from managing the daily activities in palm oil mills, he is also in charge of overseeing three palm oil plantation estates located in Negeri Sembilan, Malaysia with an estimated acreage of 3,400 acres. Mr Tee Lip Jen is a member of the Risk Management Committee an Investment Committee.

B.E. Mechanical Male

Mr Adrian Gurgone

Non-Executive Director 18/03/2011

Mr Gurgone have investment, board and business leadership experience. He held senior roles with Deloitte Consulting along with a UK top-tier consulting firm, prior to establishing a successful boutique management consultancy and investment firm in 2007, advising multinational and mid-cap organisations globally. His experience encompasses investment, strategy, financial and business analysis, risk management and corporate governance across a range of industries including mining and resources. Adrian has held several directorships on private sector and not for profit boards. Mr Gurgone is the Chairman of the Risk Management Committee.

CA, MBA Chartered Accountant Male

Dato Kamaruddin bin Mohammed

Non-Executive Director 17/01/2013

Mr Mohammed has had an business career with Pelaburan Mara Berhad (formerly known as Amanah Saham Mara Berhad) retiring as Group Managing Director in 2008. He has had considerable experience with the palm oil industry and is currently Group Executive Chairman of the Malaysian listed palm oil group, Far East Holdings Berhad. He is also the Chairman of Pascorp Paper Industries Berhad. He is a Director of Amanah Saham Pahang Berhad. Dato' Sri Kamaruddin was appointed Chairman of Cheekah-Kemayan Plantations Sdn Bhd effective from 1 July 2015. Dato' Sri Kamaruddin is a member of the Risk Management Committee.

Grad (Bus & Fin), SFFSIA Male

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