Change - Announcement of Cessation::Announcement of Cessation as Head of Finance

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
15-Aug-2024 19:38:55
Status
New
Announcement Sub Title
Announcement of Cessation as Head of Finance
Announcement Reference
SG240815OTHRLM11
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Head of Finance

Additional Details

Name Of Person
Liu Qingbin
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
25/09/2024
Detailed Reason (s) for cessation
Mr Liu Qingbin has resigned from his position as the Head of Finance of Frasers Hospitality Asset Management Pte. Ltd. ("FHAM") and Frasers Hospitality Trust Management Pte. Ltd. ("FHTM"), the manager of Frasers Hospitality Real Estate Investment Trust ("FH-REIT") and the trustee-manager of Frasers Hospitality Business Trust ("FH-BT") respectively (collectively, the "Managers").

The Board of each of the Managers thanks him for his service and contribution to Frasers Hospitality Trust ("FHT").

A successor for Mr Liu is being selected, and an announcement will be made in due course.
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
01/02/2023
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head of Finance
Role and responsibilities
Mr Liu as Head of Finance is responsible for the financial and capital management of FHT, FH-REIT and FH-BT.
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?
Yes
Shareholding Details
Mr Liu holds 59,766 stapled securities in FHT, and holds 212,834 awards under the FHAM/FHTM Restricted Stapled Securities Plan ("RSSP"), pursuant to which up to 259,484 stapled securities in FHT under the RSSP may be vested or delivered.
Past (for the last 5 years)
N.A.
Present
Please see Appendix A.

Attachments

Appendix A.pdf
Total size =7K