Change - Announcement Of Cessation Of Mr Chan Pengee, Adrian As Non-Executive Independent Director
31 Oct 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 31, 2022 17:19 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Chan Pengee, Adrian as Non-Executive Independent Director |
| Announcement Reference | SG221031OTHRUF7F |
| Submitted By (Co./ Ind. Name) | Michelle Koh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Chan Pengee, Adrian as Non-Executive Independent Director, Chairman of the Audit and Risk Committee and Member of the Nominating and Remuneration Committee |
| Additional Details | |
| Name Of Person | Chan Pengee, Adrian |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/11/2022 |
| Detailed Reason (s) for cessation | Retirement of Mr Chan Pengee, Adrian as Non-Executive Independent Director of CapitaLand Ascendas REIT Management Limited ("CLARML"), the manager of CapitaLand Ascendas REIT. Mr Chan, who has served the board of CLARML for approximately eight years, will also relinquish his roles as Chairman of the Audit and Risk Committee and Member of the Nominating and Remuneration Committee. |
| 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 | 01/12/2014 |
| 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) | 4 |
| 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 Independent Director, Chairman of the Audit and Risk Committee and Member of the Nominating and Remuneration Committee. |
| Role and responsibilities | Non-executive |
| 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 | 16,271 units in CapitaLand Ascendas REIT (direct interest) |
| Past (for the last 5 years) | Please refer to Appendix A |
| Present | Please refer to Appendix A |