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

Issuer & Securities

Issuer/ Manager
DAIWA HOUSE ASSET MANAGEMENT ASIA PTE. LTD.
Securities
DAIWA HOUSE LOGISTICS TRUST - SGXC62140063 - DHLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-May-2024 17:24:44
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director
Announcement Reference
SG240529OTHR7I0E
Submitted By (Co./ Ind. Name)
Jun Yamamura
Designation
Executive Director and 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
Hirotsugu Otomo
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2024
Detailed Reason (s) for cessation
In April 2024, Mr. Otomo was promoted to Director and Senior Management Executive Officer in Daiwa House Industry Co., Ltd. ("DHI"). With the promotion, he was tasked to lead several additional assignments undertaken in DHI. Given his enlarged responsibilities and for effectiveness in overseeing each of these responsibilities, Mr Hirotsugu Otomo will relinquish his current role as the Non-Independent Non-Executive Director of Daiwa House Asset Management Asia Pte. Ltd., as manager of Daiwa House Logistics Trust ("DHLT" and the manager of DHLT, "the REIT Manager").

The Board of Directors of REIT Manager wishes to take this opportunity to express its appreciation to Mr Hirotsugu Otomo for his dedication and invaluable contribution to DHLT and the REIT Manager during his term of office.
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
01/07/2023
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director.
Role and responsibilities
Non-Independent Non-Executive.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Nil.
Present
1. Daiwa House Industry Co., Ltd.
2. Nagoya Housing Center of Housing Industries Association in Japan
3. CastleRock Communities LLC
4. Trumark Companies, LLC
5. Stanley-Martin Holdings, LLC
6. Rawson Group Pty Ltd.
7. Daiwa House Modular Europe B.V.