Change - Announcement of Cessation::Cessation of Employment of General Manager of Investment Division

Issuer & Securities

Issuer/ Manager
DASIN RETAIL TRUST MANAGEMENT PTE.LTD.
Securities
DASIN RETAIL TRUST - SG1DE2000000 - CEDU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Mar-2024 22:13:01
Status
New
Announcement Sub Title
Cessation of Employment of General Manager of Investment Division
Announcement Reference
SG240305OTHRDSHM
Submitted By (Co./ Ind. Name)
Ng Mun Fai
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of employment of General Manager of Investment Division

Additional Details

Name Of Person
Lu Zhiqi
Age
42
Is effective date of cessation known?
Yes
If yes, please provide the date
05/05/2024
Detailed Reason (s) for cessation
Dasin Retail Trust Management Pte. Ltd. (The "Company") has given notice of termination to Lu Zhiqi who will cease to be employed by the Company with effect from 5 May 2024.
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?
Yes
If Yes, Please provide full details
Lu Zhiqi has made a claim against the Company on the grounds of unfair dismissal. The Company has sought legal advice in respect of the claim and is disputing the claim.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please see disclosure above.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
20/10/2015
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
General Manager of Investment Division
Role and responsibilities
Responsible for sourcing and identifying new acquisition opportunities and divestments of Dasin Retail Trust
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
Past (for the last 5 years)
None
Present
None