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REPORT OF THE TRUSTEE-MANAGER OF CDL HOSPITALITY
BUSINESS TRUST
REPORTS
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 statement to the unitholders together with
the audited financial statements for the financial year ended 31 December 2016.
DIRECTORS
The directors of the Trustee-Manager in office at the date of this statement are as follows:
Wong Hong Ren
(Chairman)
Vincent Yeo Wee Eng
(Chief Executive Officer)
Jenny Lim Yin Nee
Ronald Seah Lim Siang
Foo Say Mui (Bill)
(Appointed on 11 May 2016)
Kenny Kim
(Appointed on 25 January 2017)
DIRECTORS’ INTEREST IN UNITS OR DEBENTURES
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 children below 18 years of age) in units of HBT are as follows:
Holdings
at beginning
of the year
Holdings
at end
of the year
Wong Hong Ren
115,000
115,000
Vincent Yeo Wee Eng
115,000
115,000
Except as disclosed in this statement, no director who held office at the end of the financial year had interests in units of
HBT either at the beginning of the financial year, or the date of appointment if later, or at the end of the financial year.
There were no changes in any of the abovementioned interests of HBT between the end of the financial year and
21 January 2017.
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE UNITS AND DEBENTURES
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.
DIRECTORS’ CONTRACTUAL BENEFITS
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.
OPTIONS
During the financial year, there were:
(i)
no options granted by the Trustee-Manager to any person to take up unissued units of 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.
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