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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