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CDL
HOSPITALITY TRUSTS
The directors of M&C Business Trust Management Limited, the Trustee-Manager of CDL Hospitality Business Trust
(“HBT”) and its subsidiaries (collectively, the “HBT Group”), are pleased to submit this report to the unitholders together
with the audited financial statements for the financial year ended 31 December 2014.
The directors of the Trustee-Manager in office at the date of this report are as follows:
Wong Hong Ren (Chairman)
Vincent Yeo Wee Eng (Chief Executive Officer)
Jenny Lim Yin Nee
Jimmy Chan Chun Ming
Daniel Marie Ghislain Desbaillets
Ronald Seah Lim Siang
Ronald Nathaniel Issen (Appointed on 7 April 2014)
According to the register kept by the Trustee-Manager for the purposes of Section 76 of the Business Trusts Act,
Chapter 31A of Singapore (the “Act”), particulars of interests of directors who held office at the end of the financial year
(including those held by their spouses and infant children) in units in HBT are as follows:
Holdings
Holdings
at beginning at end
of the year of the year
Wong Hong Ren
115,000
115,000
Vincent Yeo Wee Eng
115,000
115,000
Except as disclosed in this report, no director who held office at the end of the financial year had interests in units of
HBT either at the beginning, or at the end of the financial year.
Neither at the end of, nor at any time during the financial year, was the Trustee-Manager a party to any arrangement
whose objects are, or one of whose objects is, to enable the directors of the Trustee-Manager to acquire benefits by
means of the acquisition of units in or debentures of HBT.
During the financial year, no director has received or become entitled to receive a benefit by reason of a contract made by
HBT or a related corporation with the director, or with a firm of which he is a member or with a company in which he has
a substantial financial interest, except as disclosed in the financial statements.
There were no changes in any of the abovementioned interests in HBT between the end of the financial year and
21 January 2015.
During the financial year, there were:
(i)
no options granted by the Trustee-Manager to any person to take up unissued units in HBT; and
(ii)
no units issued by virtue of any exercise of option to take up unissued units of HBT.
As at the end of the financial year, there were no unissued units of HBT under options.
The auditors, KPMG LLP, have expressed their willingness to accept re-appointment.
REPORT OF THE TRUSTEE-MANAGER OF
CDL HOSPITALITY BUSINESS TRUST
