|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Nov 9, 2017 17:32|
|Announcement Sub Title||Re-designated to Non-Executive Director and cessation as President of Investment & Asset Management|
|Submitted By (Co./ Ind. Name)||Alvin Cheng|
|Designation||Executive Director & CEO|
|Description (Please provide a detailed description of the event in the box below)||Re-designated to Non-Executive Director and cessation as President of Investment & Asset Management.
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||Goh Toh Sim|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||09/11/2017|
|Detailed Reason (s) for cessation||Mr Goh Toh Sim ("Mr Goh") will be re-designated from Executive Director to Non-Executive Director of EC World Asset Management Pte. Ltd., the manager of EC World REIT (the "Manager") with effect from 9 November 2017. Mr Goh will also relinquish his position as President of Investment and Asset Management of the Manager on the same date.|
|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||17/05/2016|
|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||3|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Executive Director and President of Investment and Asset Management|
|Role and responsibilities||Responsible for identifying, researching and evaluating potential acquisitions and related investments with a view to enhancing EC World REIT's portfolio. Mr Goh is also responsible for formulating the business plans in relation to EC World REIT's properties with short, medium and long-term objectives.|
|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||654,320 units in EC World REIT|
|Past (for the last 5 years)||Keppel Land China Pte Ltd
Singapore-Suzhou Township Development Pte Ltd
Singapore Tianjin Eco-City Investment Holdings Pte. Ltd. (formerly known as Gracewood Investments Pte. Ltd.)
Keppel Group Eco-City Investments Pte. Ltd.
Substantial Enterprises Limited
Tianjin Eco-City Water Investment & Construction Co., Ltd
Tianjin Eco city Keppel New Energy Development Co., Ltd
Changzhou Fushi Housing Development Pte. Ltd.
Twister Investments Limited
|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.