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Change - Announcement Of Resignation Of Independent Non-Executive Director

BackJul 28, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jul 28, 2017 19:08
Status New
Announcement Sub Title Resignation of Independent Non-executive Director
Announcement Reference SG170728OTHRZ7CR
Submitted By (Co./ Ind. Name) Lam Chee Kin
Designation Joint Company Secretary
Description (Please provide a detailed description of the event in the box below) Resignation of Independent Non-executive Director
Additional Details
Name Of Person Michael Hwang
Age 73
Is effective date of cessation known? Yes
If yes, please provide the date 01/08/2017
Detailed Reason (s) for cessation Dr Hwang has resigned as part of the renewal process of the Board, in view of new regulations of The Monetary Authority of Singapore (to take effect no later than the first annual general meeting relating to financial years ending on or after 31 December 2016) that an independent director of the manager of a Real Estate Investment Trust should not have served for a continuous period of 9 years or longer.
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 01/01/2006
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) 2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Non-Executive Director and Member of the Audit Committee
Role and responsibilities Independent Non-Executive Director and Member of the Audit Committee
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 100,000 units in Starhill Global Real Estate Investment Trust
Past (for the last 5 years) -
Present Singapore Dance Theatre Limited
Linyi Investments Pte Ltd
Memories of the East Pte Ltd
RHT Health Trust Manager Pte Ltd
Michael Hwang Chambers LLC
Justinian Private Limited