Change - Announcement Of Resignation Of Independent Non-Executive Director
BackAug 07, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 7, 2024 7:26 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-Executive Director |
| Announcement Reference | SG240807OTHRRCNI |
| 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 Independent Non-Executive Director and Chairman of the Audit and Risk Committee |
| Additional Details | |
| Name Of Person | Tan Huay Lim |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 06/08/2024 |
| Detailed Reason (s) for cessation | Having served on the Board of Directors of Elite UK REIT Management Pte. Ltd. (the "Board") for more than four years since the initial public offering of Elite UK REIT, Mr Tan Huay Lim is stepping down as an Independent Non-Executive Director as part of Board renewal and succession planning. The Board wishes to take this opportunity to thank Mr Tan Huay Lim for his invaluable contributions and guidance during his tenure. |
| 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 | 08/01/2020 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director and Chairman of the Audit and Risk Committee |
| Role and responsibilities | Non-Executive. |
| 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) | 1. ASL Marine Holdings Limited 2. Koufu Group Pte. Ltd. (fka Koufu Group Limited) 3. Zheneng Jinjiang Environment Holding Company Limited 4. Green Link Digital Bank Pte. Ltd. 5. Xihe Holdings (Pte) Ltd. 6. Xihe Capital (Pte) Ltd. 7. SF REIT Asset Management Limited (The Manager of SF Real Estate Investment Trust) |
| Present | 1. Dasin Retail Trust Management Pte. Ltd. 2. Linklogis Inc. 3. Sheng Siong Group Ltd 4. OUE REIT Management Pte. Ltd. (The Manager of OUE Real Estate Investment Trust) |
