This printed article is located at https://ecwreit.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 30, 2016 17:20 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Financial Officer ("CFO") |
| Announcement Reference | SG161230OTHRKZAN |
| Submitted By (Co./ Ind. Name) | Lai Hock Meng |
| Designation | CEO and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of CFO. Sponsor's Statement: DBS Bank Ltd. is 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. are the joint bookrunners and underwriters for the initial public offering of EC World REIT. |
| Additional Details | |
| Date Of Appointment | 01/01/2017 |
| Name Of Person | Johnnie Tng Chin Hwee |
| Age | 48 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board having reviewed the experience and credentials of Mr Johnnie Tng and based on the recommendation of the Nominating and Remuneration Committee ("NRC") and the Audit and Risk Committee ("ARC"), has approved the appointment of Mr Johnnie Tng as the CFO of EC World Asset Management Pte. Ltd., the manager of EC World REIT (the "Manager"). |
| Whether appointment is executive, and if so, the area of responsibility | Yes. Responsible for all finance, accounting, tax and treasury matters concerning EC World REIT as well as overseeing the implementation of EC World REIT's short and medium-term business plans, and REIT management activities. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| 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 | Aug 2015 - Feb 2016 Chief Financial Officer of ApexPeak Pte Ltd Nov 2013 - Nov 2014 Group Chief Financial Officer of Ying Li International Real Estate Limited Feb 2013 - Aug 2013 Chief Financial Officer of Keppel REIT Management Limited (as manager of Keppel REIT) Jun 2006 - Jan 2013 Chief Financial Officer of Ascendas Property Fund Trustee Pte. Ltd. (as trustee-manager of Ascendas India Trust) Jan 2005 - Jun 2006 Vice President, Corporate Finance and Strategic Planning, of RGM International Pte Ltd |
| 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? | No |
| # 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) | Keppel REIT (Australia) Pte. Ltd. Keppel REIT MTN Pte. Ltd. Keppel REIT Fin. Company Pte. Ltd. Ocean Properties Limited Liability Partnership Keppel REIT (Bermuda) Ltd Mirvac 8 Chifley Pty Limited Ascendas (India) Private Limited Ascendas IT Park (Nagpur) Private Limited Ascendas IT Park (Pune) Private Limited Ascendas Property Fund (FDI) Pte. Ltd. Information Technology Park Limited Cyber Pearl Information Technology Park Private Limited VITP Private Limited Hyderabad Infratech Pte. Ltd. Vibrant Capital Pte Ltd |
| Present | Nil |
| (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? | Yes |
| If Yes, Please provide full details | Mr Johnnie Tng was fined S$2,000 and banned from driving for 2 years under the Road Traffic Act for driving while under the influence of alcohol. |
| Any prior experience as a director of a listed company? | No |
| If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | Not applicable. |