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

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2020 23:22:58
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG201229OTHRR8NG
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Koh Thiam Hock as an Independent Non-Executive Director of City Developments Limited.

Additional Details

Name Of Person
Koh Thiam Hock
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
28/12/2020
Detailed Reason (s) for cessation
Having shared his observations, concerns and suggestions on the Group's investment in Sincere Property Group with all members of the Board, Mr Koh is of the view that it is most appropriate for him to now step down as a Director.
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
05/09/2016
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)
7
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.)
Independent Non-Executive Director and a Member of each of the Audit & Risk Committee, Remuneration Committee and Board Committee
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Bank America Nominees (1993) Pte Ltd (In members' voluntary liquidation)
Bank of America Singapore Limited
Present
SCCPRE Hospitality REIT Management Pte. Ltd.
SCCPRE Hospitality Business Trust Management Pte. Ltd.