| Other Issuer(s) for Stapled Security | |
| Name DBS TRUSTEE LIMITED |
|
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 18, 2022 17:49 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Non-Executive Director |
| Announcement Reference | SG221018OTHRVBPV |
| Submitted By (Co./ Ind. Name) | Soo Lai Sun |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Ronald Seah Lim Siang as Independent Non-Executive Director, the Chairman of the Nominating and Remuneration Committees and Member of the Audit and Risk Committees. |
| Additional Details | |
| Name Of Person | Ronald Seah Lim Siang |
| Age | 75 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 20/10/2022 |
| Detailed Reason (s) for cessation | Mr Ronald Seah Lim Siang is stepping down from the Board of M&C REIT Management Limited, manager of CDL Hospitality Real Estate Investment Trust ("H-REIT Manager"), and the Board of M&C Business Trust Management Limited, trustee-manager of CDL Hospitality Business Trust ("HBT Trustee-Manager") as he would have served on both Boards as an independent director for nine years on 20 October 2022. Mr Seah will concurrently cease to be the Chairman of the Nominating and Remuneration Committees and member of the Audit and Risk Committees of the H-REIT Manager and HBT Trustee-Manager. |
| 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 | 21/10/2013 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of Nominating and Remuneration Committee and Member of Audit and Risk Committee |
| 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? | No |
| Past (for the last 5 years) | PGG Wrightson Limited Yanlord Land Group Limited Global Investments Limited LifeHealth Group Limited LifeClinic Limited LifeHub Limited |
| Present | Telechoice International Limited Nucleus Connect Pte. Ltd. Soft Capital SG Straits Investment Management Pte. Ltd. |