News
Change - Announcement Of Cessation Of Chief Investment Officer
BackJul 17, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 17, 2020 22:48 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Investment Officer |
| Announcement Reference | SG200717OTHRKXS0 |
| 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) | Cessation of Chief Investment Officer ("CIO"). |
| Additional Details | |
| Name Of Person | Li Jinbo |
| Age | 35 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 17/07/2020 |
| Detailed Reason (s) for cessation | Mr Li Jinbo has taken up a new job outside the Manager. |
| 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 | 16/08/2019 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Investment Officer |
| Role and responsibilities | Oversees Investment, Asset Management and Investor Relations Functions of the Manager. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 32,860 units in EC World REIT |
| Past (for the last 5 years) | Fullwealth Investment Pte. Ltd. Magnasset Investment Pte. Ltd. Prorich Investment Pte. Ltd. Richport Investment Pte. Ltd. Richwin Investment Pte. Ltd. JY Logistics Investment Pte. Ltd. ECW Treasure Pte. Ltd. ECW Treasure 1 Pte. Ltd. Realtime Asset Global Pte. Ltd. |
| Present | None |