| Other Issuer(s) for Stapled Security | |
| Name DBS TRUSTEE LIMITED |
|
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 12, 2018 18:24 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Chairman who is a member of the Nominating and Remuneration Committee |
| Announcement Reference | SG180212OTHRJ1SR |
| Submitted By (Co./ Ind. Name) | Soo Lai Sun |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Chairman who is a member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Wong Hong Ren |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 12/02/2018 |
| Detailed Reason (s) for cessation | Mr Wong Hong Ren has decided to step down as the Non-Executive Chairman and Director from the Boards and as a member of the Nominating and Remuneration Committees of M&C REIT Management Limited (the Manager of CDL Hospitality Real Estate Investment Trust) (the "H-REIT Manager") and M&C Business Trust Management Limited (the Trustee-Manager of CDL Hospitality Business Trust) (the "HBT Trustee-Manager") for personal reasons, having served on the Boards for more than ten years since 2006. |
| 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 | 17/05/2006 |
| 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) | 3 |
| 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 Chairman and Member of the Nominating and Remuneration Committees of the H-REIT Manager and the HBT Trustee-Manager |
| Role and responsibilities | As above |
| 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 | Direct interest in 138,000 Stapled Securities of CDL Hospitality Trusts |
| Past (for the last 5 years) | Please refer to the document attached for list of past directorships |
| Present | Alpha Chance Holdings Limited CDL Hotels (Singapore) Pte Ltd Sceptre Hospitality Resources Pte. Ltd. RSF Carolina Partners, LLC RSF Syracuse Partners, LLC Sceptre Hospitality Resources, LLC |
Attachments