Change - Announcement of Cessation::Cessation of Chief Financial Officer
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 of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Goh Toh Sim
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Financial Officer ("CFO")
The Board of Directors and the Management are identifying a suitable successor to take on the role of CFO and his appointment will be made and announced in due course.
Name Of Person
Tng Chin Hwee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue personal interests.
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
Mr. Tng Chin Hwee work with the Chief Executive Officer and the other members of the Management team to formulate strategic plans for EC WORLD REIT in accordance with the stated investment strategy of the Manager. He is also responsible for applying the appropriate capital management strategy, including tax and treasury matters, as well as finance and accounting matters.
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?
Hold 196 units in EC World REIT
Past (for the last 5 years)
Vibrant Capital Pte. Ltd.
Fullwealth Investment Pte. Ltd.
Magnasset Investment Pte. Ltd.
Prorich Investment Pte. Ltd.
Richport Investment Pte. Ltd.
Richwin Investment Pte. Ltd.
JY Logistics Investment Pte. Ltd.
ECW Treasure Pte. Ltd.
ECW Treasure 1 Pte. Ltd.
Realtime Asset Global Pte. Ltd.