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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 15, 2025 7:44 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent and Non-Executive Director |
| Announcement Reference | SG250415OTHRK0H8 |
| Submitted By (Co./ Ind. Name) | Goh Toh Sim |
| Designation | Executive Director & CEO |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Independent and Non-Executive Director |
| Additional Details | |
| Name Of Person | Zhang Guobiao |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/04/2025 |
| Detailed Reason (s) for cessation | Resignation of Mr Zhang Guobiao ("Mr Zhang") as Non-Independent and Non-Executive Director and member of the Nominating and Remuneration Committee. Please refer to the announcement released on 14 April 2025 titled "Resignation of Non-Independent and Non-Executive Director". The Board of Directors of Manager would like to express its gratitude towards Mr Zhang for his valuable and significant contributions to the Company during his tenure of service. |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director and member of Nominating and Remuneration Committee |
| Role and responsibilities | Non-Independent Non-Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Zhang Guobiao is the brother of Mr Zhang Zhangsheng, who has a deemed interest in 354,653,140 Units in EC World Real Estate Investment Trust ("Units"). |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest in 354,653,140 Units. |
| Past (for the last 5 years) | Please refer to Appendix A attached. |
| Present | Please refer to Appendix A attached. |
Attachments