This printed article is located at https://ecwreit.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 20, 2017 17:10 |
| Status | New |
| Announcement Sub Title | Appointment of Executive Director and Deputy Chief Executive Officer ("ED & Deputy CEO") |
| Announcement Reference | SG170120OTHRBL9A |
| Submitted By (Co./ Ind. Name) | Lai Hock Meng |
| Designation | CEO & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of ED & Deputy CEO. 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 | 20/01/2017 |
| Name Of Person | Cheng Alvin Yu-Dong |
| Age | 56 |
| 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 Alvin Cheng and considered the recommendation of the Nominating and Remuneration Committee ("NRC"), has approved the appointment of Mr Alvin Cheng as the ED & Deputy CEO 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. Mr Cheng will be responsible for the overall operational efficiency, growth and profitability of the EC World REIT portfolio and the Manager. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | ED & Deputy CEO |
| 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 | May 2016 - December 2016 Executive Director & Chief Executive Officer of Amare Investment Management Group Pte. Ltd. April 2013 - April 2016 Executive Director, Chief Executive Officer and Investor Relations Officer of LMIRT Management Ltd. July 2010 - March 2013 Chief Financial Officer of LMIRT Management Ltd. April 2008 - November 2009 Executive Director & Chief Executive Officer of PST Management Pte. Ltd. November 2006 - March 2008 Director of Corporate Strategy And Planning of Neptune Orient Lines Limited April 2002 - November 2006 Director of Business Development of Neptune Orient Lines Limited |
| 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) | Amare Investment Management Group Pte. Ltd. LMIRT Management Ltd. Detos Properties Pte. Ltd. Gajah Mada Investments Pte. Ltd. GMP Interntional Holdings Pte. Ltd. Grace Capital Pte Ltd Great Properties Pte Ltd Icon2 Investments Pte Ltd Java Properties Pte. Ltd. KMT1 Holdings Pte Ltd KMT2 Investment Pte Ltd LMIRT Capital Pte Ltd Madiun Properties Pte Ltd Mal Lippo Investments Pte Ltd Matos Properties Pte Ltd Metropolis Properties Pte Ltd MLC Holdings Pte. Ltd. Palladium Properties Pte Ltd Picon1 Holdings Pte Ltd Picon2 Investments Pte Ltd Plaza Medan Investments Pte Ltd Pluit Village Investments Pte Ltd PMF Holdings Pte Ltd PV International Holdings Pte Ltd Realty Overseas Pte Ltd Serpong Properties Pte Ltd Binjaimall Holdings Pte Ltd Kramati Holdings Pte Ltd Kramat Jati Investment Pte Ltd Super Binjai Investment Pte Ltd Palembang Square Holdings Pte Ltd Palem Square Investment Pte Ltd Pejaten Holdings Pte Ltd Pejatenmall Investment Pte Ltd PSEXT Investment Pte Ltd PSX Holdings Pte Ltd Taminis Holdings Pte Ltd Tamini Square Investment Pte Ltd Cibubur Holdings Pte Ltd CJ Retail Investment Pte Ltd Elok Holdings Pte Ltd EP International Investments Pte Ltd Fenton Investments Pte Ltd Magnus Investments Pte Ltd Plaza Semanggi Investments Pte Ltd PS International Holdings Pte Ltd Maxia Investments Pte Ltd Tangent Investments Pte Ltd Kuta1 Holdings Pte Ltd Kuta2 Investments 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? | No |
| Any prior experience as a director of a listed company? | Yes |
| If Yes, Please provide details of prior experience | Mr Alvin Cheng was an Executive Director and CEO of LMIRT Management Ltd, the Manager of Lippo Malls Indonesia Retail Trust for the period from April 2013 to April 2016. |
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