Change - Announcement of Cessation::Retirement of Chairman and Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
MANULIFE US REAL ESTATE MANAGEMENT PTE. LTD.
Securities
MANULIFE US REIT - SG1CI1000004 - BTOU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2022 06:51:34
Status
New
Announcement Sub Title
Retirement of Chairman and Non-Independent Non-Executive Director
Announcement Reference
SG220930OTHRV24T
Submitted By (Co./ Ind. Name)
William D. Gantt III
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Hsieh Tsun-Yan as Chairman and Non-Independent Non-Executive Director of Manulife US Real Estate Management Pte. Ltd. (MUSREM), the manager of Manulife US REIT (MUST)

Additional Details

Name Of Person
Hsieh Tsun-Yan
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2022
Detailed Reason (s) for cessation
Having served the board for more than seven years, Mr Hsieh Tsun-Yan is retiring as Chairman, Non-Independent Non-Executive Director and Nominating and Remuneration Committee member of MUSREM as part of an orderly board renewal and succession planning process.

MUSREM has identified potential candidates and are in the process of finalising the new Chair with the appointment to be announced in due course. Pending such appointment, Mr Stephen James Blewitt, Non-Independent Non-Executive Director will take over as the interim Chairman.
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
17/06/2015
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Non-Independent Non-Executive Director
Member of Nominating and Remuneration Committee
Role and responsibilities
Chairman and Non-Independent Non-Executive Director and member of the Nominating and Remuneration Committee
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?
Yes
Shareholding Details
Jointly held 991,325 MUST units with his spouse Mrs Hsieh Siauyih Goon
Past (for the last 5 years)
Duke-NUS Graduate Medical School, Singapore
The Institute of Policy Studies, Singapore
Present
Manulife Financial Corporation, Canada
The Manufacturers Life Insurance Company
Singapore Airlines Limited
LinHart Group, Singapore
National University of Singapore (NUS) Business School
NUS Business School and Lee Kuan Yew School of Public Policy, Singapore
Singapore Institute of Management Group Limited
Dyson Holdings Pte. Ltd.
Singapore Health Services Pte. Ltd.

Attachments

Retirement of Chairman and Appointment of Interim Chairman.pdf
Total size =119K