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

Issuer & Securities

Issuer/ Manager
FRASERS PROPERTY LIMITED
Securities
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Dec-2022 07:57:01
Status
New
Announcement Sub Title
Cessation of Appointment of Non-Executive and Non-Independent Director
Announcement Reference
SG221212OTHRWPL5
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Charles Mak Ming Ying as a Non-Executive and Non-Independent Director, Vice Chairman of the Board Executive Committee ("Exco"), member of the Remuneration Committee ("RC"), member of the Nominating Committee ("NC") and member of the Sustainability and Risk Management Committee ("SRMC") of Frasers Property Limited ("FPL").

Additional Details

Name Of Person
Charles Mak Ming Ying
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2023
Detailed Reason (s) for cessation
Mr Mak served as a Non-Executive and Independent Director of FPL for a period of 9 years from 25 October 2013 to 24 October 2022, prior to his re-designation as a Non-Executive and Non-Independent Director with effect from 25 October 2022. Mr Mak is retiring from the Board of FPL in line with FPL's plans for Board refreshment and renewal. The Board of FPL expresses its appreciation to Mr Mak for his dedication and invaluable contribution 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
25/10/2013
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.)
Non-Executive and Non-Independent Director, Vice Chairman of the Exco, member of the RC, member of the NC and member of the SRMC of FPL
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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Nil
Present
- Director, Fraser and Neave, Limited
- Director, BeerCo Limited