Change - Announcement Of Resignation Of Chief Financial Officer
BackAug 10, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 10, 2023 18:06 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Financial Officer |
| Announcement Reference | SG230810OTHR2GFD |
| Submitted By (Co./ Ind. Name) | Liaw Liang Huat Joshua |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Chief Financial Officer ("CFO"). |
| Additional Details | |
| Name Of Person | Cheah Zhuo Yue |
| Age | 39 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 06/11/2023 |
| Detailed Reason (s) for cessation | To pursue other opportunities. The Board of Directors of Elite Commercial REIT Management Pte. Ltd., as manager of Elite Commercial REIT (the "REIT Manager") wishes to take this opportunity to thank Mr Cheah for his services to the REIT Manager and Elite Commercial REIT 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 | 17/01/2020 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer Member of the Sustainability Committee |
| Role and responsibilities | Mr Cheah is responsible for the overall financial, treasury, tax and risk management matters of the REIT, as well as working with the management team to formulate strategic plans for the REIT in accordance with the REIT Manager's stated investment strategy. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NIL |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | NIL |
| Present | NIL |
