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

Issuer & Securities

Issuer/ Manager
FRASERS HOSPITALITY ASSET MANAGEMENT PTE. LTD.
Securities
FRASERS HOSPITALITY TRUST - SG1AA5000001 - ACV
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-May-2023 21:06:52
Status
New
Announcement Sub Title
Cessation of Appointment of Non-Executive and Independent Director
Announcement Reference
SG230526OTHR8NU1
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chua Phuay Hee as a Non-Executive and Independent Director of each of Frasers Hospitality Asset Management Pte. Ltd. ("FHAM"), the manager of Frasers Hospitality Real Estate Investment Trust, and Frasers Hospitality Trust Management Pte. Ltd. ("FHTM"), the trustee-manager of Frasers Hospitality Business Trust.

Additional Details

Name Of Person
Chua Phuay Hee
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
29/05/2023
Detailed Reason (s) for cessation
Mr Chua has served as a Non-Executive and Independent Director of each of FHAM and FHTM since 10 June 2014 and would have served on the Board of each of FHAM and FHTM for nine years on 9 June 2023. He is retiring from the Board of each of FHAM and FHTM as part of Board renewal. The Board of each of FHAM and FHTM expresses its appreciation to Mr Chua for his dedication and invaluable contribution during his tenure of service.
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
10/06/2014
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
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.)
Non-Executive and Independent Director
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1. Director, Perennial Real Estate Holdings Limited
2. Director, Lu International (Singapore) Financial Asset Exchange Pte Ltd
Present
1. Director, Yihai Kerry Arawana Holdings Co., Ltd
2. Director, Temasek Life Sciences Laboratory Ltd