On October 25, 2021, the composition of the Board of Directors was changed with the resolution of the Management Board of Baiterek National Managing Holding, the Sole Shareholder of Kazakhstan Housing Company JSC (hereinafter - the "Company").
The resolution of Baiterek NMH dated October 25, 2021, early terminated the powers of Olzhas Zhandossovich Salykov, the member of the Board of Directors, and Nurlan Tursynbekovich Tokobayev, the Independant Director.
Yap Chin Beng and Yerlan Muratovich Aukenov were elected as new members of the Board of Directors of the Company and Independent Directors.
Yap Chin Beng holds an MBA from Warwick Business School (UK), graduated from several universities in Australia and Singapore. For 40 years he worked in various positions in the Housing and Development Board, Singapore single operator for housing construction and development.
Recall that the creation of a single operator was based on the Singapore housing development model, the experience of which Baiterek NMH has studied since 2018. The choice of the Singapore model is associated with the similarity of the basic conditions: active participation of the state in the program for the development of affordable housing and social security of the population; government regulation of the construction industry; high share of imports of building materials; solving the problems of housing queues. The competence of a single operator includes general planning of territories, integrated design of microdistricts, attracting funding and direct financing of housing construction, mortgage lending to the population, servicing the renovation of the housing stock, etc.
Yerlan Muratovich Aukenov - has a master's degree in urban development (The London School of Economics, UK), master's degree in public policy and project management (The University of Bradford, UK), master's degree in business administration (AMU, Almaty). He worked in various positions in the Ministry of Education and Science of the Republic of Kazakhstan, the Presidential Administration of the Republic of Kazakhstan, and the Ministry of Labor and Social Protection of the Republic of Kazakhstan. Since 2019, he has held the position of the Deputy Minister of Labor and Social Protection of the Population, as well as the position of the Deputy Akim of Almaty and Deputy Akim of North Kazakhstan region. He is the Chairman of the Board of Q88 Kazakhstan Association of Urbanists NGO, and the Deputy Chairman of Kazakhstan Association of Independent Directors NGO.
We further inform that earlier, with the decision of the Board of Directors of the Company dated October 19, Olzhas Zhandossovich Salykov was appointed as the Deputy Chairman of the Management Board and elected as a member of the Management Board of Kazakhstan Housing Company JSC on October 20, 2021.