Change - Announcement of Appointment::Appointment of Mr Chia Kim Huat as Independent Non-executive Director

Issuer & Securities

Issuer/ Manager
ASCENDAS HOSPITALITY FUND MANAGEMENT PTE. LTD.
Securities
ASCENDAS HOSPITALITY TRUST - SG2F05983695 - Q1P
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Jul-2016 17:27:40
Status
New
Announcement Sub Title
Appointment of Mr Chia Kim Huat as Independent Non-executive Director
Announcement Reference
SG160715OTHRWQ8I
Submitted By (Co./ Ind. Name)
Ms Mary Judith de Souza
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chia Kim Huat as Independent Non-executive Director of the Board of Ascendas Hospitality Fund Management Pte Ltd, being the Manager of Ascendas Hospitality Real Estate Investment Trust, and Ascendas Hospitality Trust Management Pte Ltd, being the Trustee-Manager of Ascendas Hospitality Business Trust (collectively, the "Managers").

Additional Details

Date Of Appointment
15/07/2016
Name Of Person
Chia Kim Huat
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nomination Committee ("NC") has reviewed the qualifications and experience of Mr Chia Kim Huat and has recommended to the Board of the Managers his appointment as Independent Director, for the purposes of the applicable laws, rules and guidelines, including but not limited to SGX-ST Listing Rules and the Code of Corporate Governance. The Board has accepted the recommendation of the NC and approved his appointment.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Mr Chia Kim Huat is a Partner at Rajah & Tann Singapore LLP ("Rajah & Tann"). He has extensive experience in capital market, both in Singapore and the region. He travels regularly in the Asia-Pacific region advising clients on a wide range of matters, including infrastructure projects, township development, hotel management, global restructuring, REITs and Business Trusts. Mr Chia is also the Regional Head of the Corporate and Transactional Practices at Rajah & Tann. He joined Rajah & Tann Singapore LLP in 1999.

Mr Chia is an independent director of PEC Ltd and also served as independent director of Ascendas Funds Management (S) Limited from 2008 to 2014.

Mr Chia is a director and secretary of The Financial Board of Singapore Chinese Chamber of Commerce and Vice-Chamber of the External Relations Committee of Singapore Chinese Chamber of Commerce Industry.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chia has a direct interest in 115,000 units
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Please refer to the attachment
Present
Please refer to the attachment
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Independent Director, PEC Ltd
Independent Director, Ascendas Funds Management (S) Limited, as Manager of Ascendas Real Estate Investment Trust (22 April 2008 - 30 November 2014)

Attachments

CKH_Directorships_present_past 5 years.pdf
Total size =5K