|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||May 11, 2017 20:22|
|Announcement Sub Title||Resignation as Executive Director|
|Submitted By (Co./ Ind. Name)||Alvin Cheng|
|Designation||Executive Director & CEO|
|Description (Please provide a detailed description of the event in the box below)||Resignation as Executive Director.
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.
|Name Of Person||Lai Hock Meng|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||12/05/2017|
|Detailed Reason (s) for cessation||In order to dedicate more time to his personal interests, Mr Lai Hock Meng decided to step down as an Executive Director from the Board of the Manager.|
|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||14/05/2015|
|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||2|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Executive Director|
|Role and responsibilities||Responsible for the overall operational efficiency, growth and profitability of EC World REIT's portfolio and the Manager.|
|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||1,204,320 units in EC World REIT|
|Past (for the last 5 years)||Singapore Chinese Orchestra Company Ltd
Yin Tai Bio-Technology Pte Ltd
China Dredging & Engineering Pte Ltd
China Energy Limited
China Essence Group Ltd
Advance SCT Limited
WE Holdings Ltd
Nanjing He Ding Investment Management Co., Ltd
Metax Engineering Corp Limited
Star Castle Capital (Singapore) Pte Ltd
C Y Foundation Group Limited
Xpress Holdings Ltd
China Oilfield Technology Services Group Ltd
Guangxi & Gaozhou Association
Anomaly Interactive Pte Ltd
The China Society, Singapore
Expert Global Management Limited
Kingbox (Asia) Limited
Kingbox Manufacturing Limited
C Y Management Limited
Ace Advantage Developments Limited
Ace Plus Limited
Ace Precise International Limited
Best Max Holdings Limited
Lucky Zone Holdings Limited
Perfect Ace Global Limited
Science Power Limited
Silkway Holdings Limited
Number One Ventures Limited
Expert Dragon Limited
FA Systems Automation (S) Pte Ltd
PureCircle (Shanghai) Co., Ltd
PureCircle (Jiangxi) Co., Ltd
CFM Holdings Limited
ASTI Holdings Limited
HML Consulting Group Pte Ltd
Dexin Steel Pte Ltd
|Present||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.
Char Yong (Dabu) Foundation Limited
Champ Buyout III Pte Ltd
Delong Holdings Ltd
PureCircle (Jiangxi) Co., Ltd.