Change - Announcement of Cessation::Resignation of Non-Independent 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
14-Apr-2026 07:12:24
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director
Announcement Reference
SG260414OTHRC4Z5
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 Non-Executive Director

Additional Details

Name of person
Chia Yew Boon
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date.
29/04/2026
Detailed reason(s) for cessation
Mr Chia Yew Boon ("Mr Chia") has agreed to continue as Non-Executive and Non-Independent Director to help in the transition after his nine years' service as Independent Director. With the completion of the transition, Mr Chia will step down as a Non-Independent Non-Executive Director of the Manager.

The Board would like to express its gratitude towards Mr Chia for his valuable and 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
21/06/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director, a Member of Audit and Risk Committee and the Nominating and Remuneration Committee respectively.
Role and responsibilities
Non-Executive.
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
5
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
200,000 Units in EC World REIT
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Other Directorships
Past (for the last 5 years)
EC World Asset Management Pte Ltd
(He stepped down on 21 June 2025 due to 9-year tenure limit for Independent Director, and was subsequently appointed as Non-Independent Non-Executive Director for the purpose of continuity)
Present
1. Catalyst Advisors Private Ltd.
2. Catalyst Advisors International Private Limited
3. Technovator International Limited
4. Hydrecyc Pte. Ltd.
5. Hydrecyc Holdings Pte. Ltd
6. Viridis Engineering Singapore Pte. Ltd.