Change - Announcement of Cessation::Cessation as Chief Financial Officer ("CFO")
Issuer & Securities
EC WORLD ASSET MANAGEMENT PTE LTD
EC WORLD REIT - SG1DA7000003 - BWCU
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation as Chief Financial Officer ("CFO")
Submitted By (Co./ Ind. Name)
Lai Hock Meng
CEO and Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of CFO
DBS Bank Ltd. is the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. are the joint bookrunners and underwriters for the initial public offering of EC World REIT.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Forchn Holdings Group Co., Ltd., the sponsor of EC World REIT, is seeking to expand its scope of operations outside China. In preparation for this, Ms Huang will be transferred to a wholly-owned Singapore subsidiary of Forchn Holdings Group Co., Ltd. as its Head of Finance to support the Group's overseas expansion.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for all accounting and financial reporting concerning EC World REIT as well as overseeing the implementation of EC World REIT's short and medium-term business plans.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
300,000 units in EC World REIT
Past (for the last 5 years)