News
Change - Announcement Of Cessation Of Non-Independent And Non-Executive Director
BackSep 20, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 20, 2024 21:26 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Independent and Non-Executive Director |
| Announcement Reference | SG240920OTHRM3EM |
| Submitted By (Co./ Ind. Name) | LUN CHEE LEONG |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Non-Independent and Non-Executive Director |
| Additional Details | |
| Name Of Person | Janice Wu Sung Sung |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/09/2024 |
| Detailed Reason (s) for cessation | Competing time commitments Ms. Janice Wu is a nominee director of Times Properties Private Limited, an indirect wholly-owned subsidiary of Cuscaden Peak Investments Pte. Ltd. ("Cuscaden"), which holds 20% of the shares of the Manager. Cuscaden reserves the right to recommend a new candidate for appointment to the Board of Directors of the Manager. The Board wishes to place on record its appreciation of Ms. Janice Wu's invaluable contributions during her tenure and extends its best wishes to Ms. Janice Wu in her future endeavours. |
| 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 | 20/05/2022 |
| 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) | 2 |
| 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.) | Non-Executive Director |
| 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? | Yes |
| Shareholding Details | 55,000 units in Prime US REIT |
| Past (for the last 5 years) | See Appendix below |
| Present | See Appendix below |
Attachments
- Appendix (Size: 11,821 bytes)