|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Dec 30, 2022 17:51|
|Announcement Sub Title||Resignation of Independent Non-Executive Director|
|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 Mr Loh Lian Huat as Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd. (the "Manager"). Following his resignation, Mr Loh Lian Huat will also cease to serve as a member of the Audit and Risk Committee (the "ARC") and the Nominating and Remuneration Committee (the "NRC").|
|Name Of Person||Loh Lian Huat|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||01/01/2023|
|Detailed Reason (s) for cessation||Mr Loh Lian Huat is retiring from the board of Directors of the Manager (the "Board") after serving for more than 8 years since 8 January 2014. The retirement is part of the Board renewal process.|
|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||08/01/2014|
|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)||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.)||Lead Independent Director, member of the ARC and member of the NRC|
|Role and responsibilities||Lead Independent Director, member of the ARC and member of the NRC|
|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||Mr Loh Lian Huat holds a direct interest in 999,979 units in OUE Commercial REIT Estate Investment Trust (the "Units") and 332,260 Units held by his spouse.|
|Past (for the last 5 years)||EFA RET Management Pte. Ltd.
Silkrouteasia Asset Management Pte. Ltd.
|Present||OUE Commercial REIT Management Pte. Ltd.
OUE Hospitality Trust Management Pte. Ltd.
Gemdale Properties and Investment Corporation Limited
Silkrouteasia Capital Partners Pte Ltd
Sentinelasia Capital Partners Pte Ltd