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

Issuer & Securities

Issuer/ Manager
ARA TRUST MANAGEMENT (USH) PTE. LTD.
Securities
ARA US HOSPITALITY TRUST - SGXC80011726 - XZL
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-May-2024 18:02:58
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG240503OTHR7UB9
Submitted By (Co./ Ind. Name)
ARA Trust Management (USH) Pte. Ltd./Lim Kai Lun
Designation
Head of Finance
Description (Please provide a detailed description of the event in the box below)
Resignation of Ms. Stefanie Yuen Thio as Independent Non-Executive Director, Member and Chairperson of Audit and Risk Committee

Additional Details

Name Of Person
Stefanie Yuen Thio
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
03/05/2024
Detailed Reason (s) for cessation
Ms. Stefanie Yuen Thio ("Ms. Thio") is leaving to pursue and devote more bandwidth as founding Chairperson of SG Her Empowerment Limited. Following her resignation, Ms. Thio will relinquish her role as Independent Non-Executive Director, Member and Chairperson of Audit and Risk Committee on 3 May 2024.
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
12/04/2019
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.)
Independent Non-Executive Director, Member and Chairperson of Audit and Risk Committee
Role and responsibilities
Independent Non-Executive Director, Member and Chairperson of Audit and Risk 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
50000
Past (for the last 5 years)
Please refer to Annexure A.
Present
Please refer to Annexure B.

Attachments

Annexure A.pdf
Annexure B.pdf
Total size =111K