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

Issuer & Securities

Issuer/ Manager
M&C REIT MANAGEMENT LIMITED
Securities
CDL HOSPITALITY TRUSTS - SG1T66931158 - J85
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Name
DBS TRUSTEE LIMITED

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Jan-2026 17:20:16
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG260120OTHRNDNY
Submitted By (Co./ Ind. Name)
Soo Lai Sun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Kenny Kim as an Independent Non-Executive Director, a member of Audit and Risk Committees and a member of Board Sustainability Committees.

Additional Details

Name of person
Kim Kenny
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date.
23/01/2026
Detailed reason(s) for cessation
Mr Kenny Kim is stepping down from the Board of M&C REIT Management Limited, manager of CDL Hospitality Real Estate Investment Trust ("H-REIT Manager"), and the Board of M&C Business Trust Management Limited, trustee-manager of CDL Hospitality Business Trust ("HBT Trustee-Manager") as he would have served on both Boards as an independent director for nine years on 24 January 2026. Mr Kim will concurrently cease to be a member of Audit and Risk Committees and a member of Board Sustainability Committees of the H-REIT Manager and HBT Trustee-Manager.
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
25/01/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Member of Audit and Risk Committees and Member of Board Sustainability Committees
Role and responsibilities
As above
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
1
Shareholding interest in the listed issuer and its subsidiaries
No
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)
Pelikan International Corporation Berhad
Merit Plus Ventures Limited
Present
Empire APAC Pte. Ltd.
Fun United Holdings Limited
Ikhlas Capital Singapore Pte. Ltd.
Ikhlas Capital Executives LLC
Ikhlas Capital Executives II LLC
Ikhlas Capital GP Limited
Ikhlas Capital GP II Limited
Ikhlas Capital Master Fund Pte. Ltd.
Ikhlas Capital Master Fund II Pte Ltd
Rigel Capital Limited
Trivista Resources Limited
Zezz FundQ Pte Ltd