This printed article is located at https://ecwreit.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 23, 2018 17:16 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Executive Officer ("CEO") |
| Announcement Reference | SG180323OTHRT43A |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of CEO. Sponsor's Statement: 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. |
| Additional Details | |
| Date Of Appointment | 23/03/2018 |
| Name Of Person | Goh Toh Sim |
| Age | 61 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Goh Toh Sim ("Mr Goh") was appointed as the Acting CEO and Executive Director of EC World Asset Management Pte. Ltd., as manager of EC World REIT (the "Manager") on 14 February 2018. The Nominating and Remuneration Committee ("NRC") has evaluated and considered the experience, credentials and performance of Mr Goh and agreed that he is appropriately qualified and competent to assume the role of a CEO. The Board of Directors of the Manager, having considered the recommendation of the NRC, approved the appointment of Mr Goh as CEO of the Manager. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Responsible for the overall operational efficiency, growth and profitability of EC World REIT portfolio and the Manager. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | CEO and Executive Director |
| 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 | February 2018 - March 2018 Acting CEO and Executive Director of EC World Asset Management Pte. Ltd. November 2017 - February 2018 CEO of Forchn International Pte. Ltd. May 2016 - November 2017 President of Investment & Asset Management of EC World Asset Management Pte. Ltd. November 2009 - February 2016 Chief Representative in China of Keppel Corporation Limited July 2006 - November 2009 CEO of Evergo Properties 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? | Yes |
| Shareholding Details | 684,320 units in EC World REIT |
| # 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 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 Forchn International Pte. Ltd. Forchn Global Pte. Ltd. |
| Present | EC World Asset Management Pte. Ltd. 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. |
| (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 Goh is currently the Acting CEO and Executive Director of the Manager of EC World REIT. |