Change - Announcement of Cessation::Cessation of Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
PRIME US REIT MANAGEMENT PTE. LTD.
Securities
PRIME US REIT - SGXC75818630 - OXMU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Sep-2024 21:26:20
Status
New
Announcement Sub Title
Cessation of Non-Independent and Non-Executive Director
Announcement Reference
SG240920OTHRM3EM
Submitted By (Co./ Ind. Name)
LUN CHEE LEONG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Independent and Non-Executive Director

Additional Details

Name Of Person
Janice Wu Sung Sung
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
30/09/2024
Detailed Reason (s) for cessation
Competing time commitments

Ms. Janice Wu is a nominee director of Times Properties Private Limited, an indirect wholly-owned subsidiary of Cuscaden Peak Investments Pte. Ltd. ("Cuscaden"), which holds 20% of the shares of the Manager. Cuscaden reserves the right to recommend a new candidate for appointment to the Board of Directors of the Manager.

The Board wishes to place on record its appreciation of Ms. Janice Wu's invaluable contributions during her tenure and extends its best wishes to Ms. Janice Wu in her future endeavours.
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
20/05/2022
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Non-executive
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
55,000 units in Prime US REIT
Past (for the last 5 years)
See Appendix below
Present
See Appendix below

Attachments

Appendix.pdf
Total size =11K