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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 14, 2026 7:12 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent Non-Executive Director |
| Announcement Reference | SG260414OTHRC4Z5 |
| 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 Non-Executive Director |
| Additional Details | |
| Name of person | Chia Yew Boon |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 29/04/2026 |
| Detailed reason(s) for cessation | Mr Chia Yew Boon ("Mr Chia") has agreed to continue as Non-Executive and Non-Independent Director to help in the transition after his nine years' service as Independent Director. With the completion of the transition, Mr Chia will step down as a Non-Independent Non-Executive Director of the Manager. The Board would like to express its gratitude towards Mr Chia for his valuable and 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 | 21/06/2025 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director, a Member of Audit and Risk Committee and the Nominating and Remuneration Committee respectively. |
| Role and responsibilities | Non-Executive. |
| 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 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 5 |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 200,000 Units in EC World REIT |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NIL |
| Other Directorships Past (for the last 5 years) |
EC World Asset Management Pte Ltd (He stepped down on 21 June 2025 due to 9-year tenure limit for Independent Director, and was subsequently appointed as Non-Independent Non-Executive Director for the purpose of continuity) |
| Present | 1. Catalyst Advisors Private Ltd. 2. Catalyst Advisors International Private Limited 3. Technovator International Limited 4. Hydrecyc Pte. Ltd. 5. Hydrecyc Holdings Pte. Ltd 6. Viridis Engineering Singapore Pte. Ltd. |