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Change - Announcement Of Appointment Of Non-Independent And Non-Executive Chairman

BackJun 22, 2018
Other Issuer(s) for Stapled Security
Name
DBS TRUSTEE LIMITED
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jun 22, 2018 18:28
Status New
Announcement Sub Title Appointment of Non-Independent and Non-Executive Chairman
Announcement Reference SG180622OTHREQ8J
Submitted By (Co./ Ind. Name) Enid Ling Peek Fong
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Non-Independent and Non-Executive Chairman
Additional Details
Date Of Appointment 22/06/2018
Name Of Person Chan Soon Hee, Eric
Age 65
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Nominating and Remuneration Committees of M&C REIT Management Limited (the Manager of CDL Hospitality Real Estate Investment Trust) ("H-REIT Manager") and M&C Business Trust Management Limited (the Trustee-Manager of CDL Hospitality Business Trust) ("HBT Trustee-Manager") have considered Mr Chan Soon Hee, Eric's experience and strong financial background through his more than 35 years in the public accounting firm environment, his management consultancy background and knowledge on board and corporate governance matters, having served as the Lead Independent Director and on various board committees in City Developments Limited for the last 6 years. They are of the opinion that Mr Chan's skills and broad experience will further complement and strengthen the core competencies of the Boards of the H-REIT Manager and the HBT Trustee-Manager. The Boards of the H-REIT Manager and the HBT Trustee-Manager concurred with the above opinion and recommendation of the Nominating and Remuneration Committees of both the H-REIT Manager and the HBT Trustee-Manager.
Whether appointment is executive, and if so, the area of responsibility No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Independent, Non-Executive Director and Board Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Conflict of interests (including any competing business) Should any conflict of interest arise of which he is reasonably aware, Mr Chan will make such conflict immediately known to the Board of Directors as soon as he is so reasonably aware so that he may recuse himself from such related discussions and/or decisions and resolutions as appropriate.
Working experience and occupation(s) during the past 10 years From February 1982 to September 2011
KPMG LLP, Singapore
- Practicing Public Accountant and was made Partner in 1989

From October 2011 to Present
Thoughts Advisory Pte. Ltd., Singapore
- Founder and Chief Executive Officer
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) City Developments Limited
Present Thoughts Advisory Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment against him? No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
Any prior experience as a director of a listed company? Yes
If Yes, Please provide details of prior experience From 26 July 2012 to 22 June 2018
City Developments Limited:
- Lead Independent Director, Chairman of the Audit & Risk Committee, Chairman of the Remuneration Committee, Chairman of the Board Sustainability Committee, Member of the Nominating Committee and Member of the Board Committee
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