News
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 |
