Change - Announcement of Cessation::Cessation of Employment of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
DASIN RETAIL TRUST MANAGEMENT PTE.LTD.
Securities
DASIN RETAIL TRUST - SG1DE2000000 - CEDU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Mar-2024 22:13:07
Status
New
Announcement Sub Title
Cessation of Employment of Chief Executive Officer
Announcement Reference
SG240305OTHR36B7
Submitted By (Co./ Ind. Name)
Ng Mun Fai
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of employment of Chief Executive Officer

Additional Details

Name Of Person
Wang Qiu
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
14/02/2024
Detailed Reason (s) for cessation
Dasin Retail Trust Management Pte. Ltd. (The "Company") has given notice of termination with cause to Wang Qiu who has ceased to be employed by the Company with effect from 14 February 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?
Yes
If Yes, Please provide full details
The Company has made an announcement dated 2 February 2024 relating to the receipt of a statutory demand letter dated 25 January 2024 from Wang Qiu, through her lawyer, and a further announcement dated 26 February 2024 relating to a winding-up application served on the Company.
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Yes
If Yes, Please provide full details
Please see disclosure above.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
13/03/2020
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Responsible for the strategic management, growth and operations of Dasin Retail Trust and working with the Board of Directors of the Company to determine business strategies and ensure that such strategies are executed.
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
Past (for the last 5 years)
Zhongshan Sheng Xing Co., Ltd
Present
None