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

Issuer & Securities

Issuer/ Manager
EC WORLD ASSET MANAGEMENT PTE LTD
Securities
EC WORLD REIT - SG1DA7000003 - BWCU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2025 07:44:20
Status
New
Announcement Sub Title
Resignation of Non-Independent and Non-Executive Director
Announcement Reference
SG250415OTHRK0H8
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)
Resignation of Non-Independent and Non-Executive Director

Additional Details

Name Of Person
Zhang Guobiao
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
14/04/2025
Detailed Reason (s) for cessation
Resignation of Mr Zhang Guobiao ("Mr Zhang") as Non-Independent and Non-Executive Director and member of the Nominating and Remuneration Committee.

Please refer to the announcement released on 14 April 2025 titled "Resignation of Non-Independent and Non-Executive Director".

The Board of Directors of Manager would like to express its gratitude towards Mr Zhang for his valuable and significant contributions to the Company during his tenure of service.
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
14/05/2015
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and member of Nominating and Remuneration Committee
Role and responsibilities
Non-Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Zhang Guobiao is the brother of Mr Zhang Zhangsheng, who has a deemed interest in 354,653,140 Units in EC World Real Estate Investment Trust ("Units").
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest in 354,653,140 Units.
Other Directorships
Past (for the last 5 years)
Please refer to Appendix A attached.
Present
Please refer to Appendix A attached.

Attachments

ECW-Appendix A-ZGB Other Directorships.pdf
Total size =127K