Change - Announcement Of Resignation Of Independent Non-Executive Director

BackDec 30, 2022
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Dec 30, 2022 17:51
Status New
Announcement Sub Title Resignation of Independent Non-Executive Director
Announcement Reference SG221230OTHRKN0S
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").
Additional Details
Name Of Person Loh Lian Huat
Age 59
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