Change - Announcement Of Resignation Of Chief Executive Officer And Executive Director

BackOct 22, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 22, 2021 22:01
Status New
Announcement Sub Title Resignation of Chief Executive Officer and Executive Director
Announcement Reference SG211022OTHRNYFU
Submitted By (Co./ Ind. Name) Kelvin Chua
Designation Company Secretary, OUE Commercial REIT Management Pte. Ltd. (as Manager of OUE Commercial REIT)
Description (Please provide a detailed description of the event in the box below) Resignation of Ms Tan Shu Lin as Chief Executive Officer and Executive Director of OUE Commercial REIT Management Pte. Ltd. (the "Manager")
Additional Details
Name Of Person Tan Shu Lin
Age 48
Is effective date of cessation known? Yes
If yes, please provide the date 30/11/2021
Detailed Reason (s) for cessation To pursue other opportunities
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? Yes
If Yes, Please provide full details A successor CEO is being identified and an announcement will follow in due course.
Date of Appointment to current position 31/10/2013
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) 4
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.) Chief Executive Officer and Executive Director of the Manager
Role and responsibilities As Chief Executive Officer and Executive Director of the Manager, Ms Tan is responsible for the strategic management, growth and operation of OUE Commercial Real Estate Investment Trust ("OUE C-REIT"). She works with the Board to determine OUE C-REIT's business strategies and plans, and with the management team to ensure that such strategies are executed accordingly.
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 Ms Tan holds a direct interest in 663,375 units in OUE C-REIT.
Past (for the last 5 years) Nil
Present 1. OUE Commercial REIT Management Pte. Ltd.
2. OUE Hospitality Trust Management Pte. Ltd.
3. Lippo Realty (Shanghai) Limited
4. OUE CT Treasury Pte. Ltd.
5. OUB Centre Limited
6. Beacon Property Holdings Pte. Ltd.
7. Cresthill Property Holdings Pte. Ltd.
8. OUE Eastern Pte. Ltd.
9. Marina Bay Alliance Limited
10. Raffles Place Alliance Ltd.
11. Tecwell Pte. Ltd.
12. BPH Propco LLP