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Change - Announcement Of Appointment Of Chief Executive Officer ("CEO")

BackApr 21, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Apr 21, 2017 0:17
Status New
Announcement Sub Title Proposed Appointment as Chief Executive Officer ("CEO")
Announcement Reference SG170421OTHRUVGE
Submitted By (Co./ Ind. Name) Josephine Toh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Proposed appointment as CEO.

Sponsor's Statement:
DBS Bank Ltd. was the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters for the initial public offering of EC World REIT.
Additional Details
Date Of Appointment 22/04/2017
Name Of Person Alvin Cheng Yu-Dong
Age 56
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mr Alvin Cheng Yu-Dong ("Mr Alvin Cheng") has been the Executive Director and Deputy CEO of EC World Asset Management Pte. Ltd., the manager of EC World REIT ("the Manager") since January 2017. Following Mr Lai Hock Meng's stated desire to step down as CEO, the Board having reviewed the experience and credentials of Mr Alvin Cheng and considered the recommendation of the Nominating and Remuneration Committee, approved the proposal to appoint Mr Alvin Cheng as CEO of the Manager, subject to approval from the Monetary Authority of Singapore. An application has been submitted to the MAS to seek the approval of the MAS for Mr Alvin Cheng's appointment as CEO.
Whether appointment is executive, and if so, the area of responsibility Yes. Mr Alvin Cheng will be responsible for the overall operational efficiency, growth and profitability of the EC World REIT's portfolio and the Manager.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and CEO (Proposed)
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Conflict of interests (including any competing business) No
Working experience and occupation(s) during the past 10 years January 2017 - April 2017
Executive Director and Deputy CEO of EC World Asset Management Pte. Ltd.

May 2016 - December 2016
Executive Director & Chief Executive Officer of Amare Investment Management Group Pte. Ltd.

April 2013 - April 2016
Executive Director, Chief Executive Officer and Investor Relations Officer of LMIRT Management Ltd.

July 2010 - March 2013
Chief Financial Officer of LMIRT Management Ltd.

April 2008 - November 2009
Executive Director & Chief Executive Officer of PST Management Pte. Ltd.

November 2006 - March 2008
Director of Corporate Strategy And Planning of Neptune Orient Lines Limited

April 2002 - November 2006
Director of Business Development of Neptune Orient Lines Limited
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 23,000 units in EC World REIT
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) Amare Investment Management Group Pte. Ltd.
LMIRT Management Ltd.
Detos Properties Pte. Ltd.
Gajah Mada Investments Pte. Ltd.
GMP Interntional Holdings Pte. Ltd.
Grace Capital Pte Ltd
Great Properties Pte Ltd
Icon2 Investments Pte Ltd
Java Properties Pte. Ltd.
KMT1 Holdings Pte Ltd
KMT2 Investment Pte Ltd
LMIRT Capital Pte Ltd
Madiun Properties Pte Ltd
Mal Lippo Investments Pte Ltd
Matos Properties Pte Ltd
Metropolis Properties Pte Ltd
MLC Holdings Pte. Ltd.
Palladium Properties Pte Ltd
Picon1 Holdings Pte Ltd
Picon2 Investments Pte Ltd
Plaza Medan Investments Pte Ltd
Pluit Village Investments Pte Ltd
PMF Holdings Pte Ltd
PV International Holdings Pte Ltd
Realty Overseas Pte Ltd
Serpong Properties Pte Ltd
Binjaimall Holdings Pte Ltd
Kramati Holdings Pte Ltd
Kramat Jati Investment Pte Ltd
Super Binjai Investment Pte Ltd
Palembang Square Holdings Pte Ltd
Palem Square Investment Pte Ltd
Pejaten Holdings Pte Ltd
Pejatenmall Investment Pte Ltd
PSEXT Investment Pte Ltd
PSX Holdings Pte Ltd
Taminis Holdings Pte Ltd
Tamini Square Investment Pte Ltd
Cibubur Holdings Pte Ltd
CJ Retail Investment Pte Ltd
Elok Holdings Pte Ltd
EP International Investments Pte Ltd
Fenton Investments Pte Ltd
Magnus Investments Pte Ltd
Plaza Semanggi Investments Pte Ltd
PS International Holdings Pte Ltd
Maxia Investments Pte Ltd
Tangent Investments Pte Ltd
Kuta1 Holdings Pte Ltd
Kuta2 Investments Pte Ltd
Present EC World Asset Management Pte. Ltd.
Fullwealth Investment Pte. Ltd.
Prorich Investment Pte. Ltd.
Magnasset Investment Pte. Ltd.
Richport Investment Pte. Ltd.
Richwin Investment Pte. Ltd.
JY Logistics Investment Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment against him? No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
Any prior experience as a director of a listed company? Yes
If Yes, Please provide details of prior experience Not Applicable

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