Change - Announcement of Cessation::Retirement of Independent Non-Executive Director and Member of Nominating and Remuneration Committee

Issuer & Securities

Issuer/ Manager
MPACT MANAGEMENT LTD.
Securities
MAPLETREE PANASIA COM TRUST - SG2D18969584 - N2IU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Nov-2024 18:00:04
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director and Member of Nominating and Remuneration Committee
Announcement Reference
SG241115OTHRV3T2
Submitted By (Co./ Ind. Name)
Wan Kwong Weng
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Kan Shik Lum as an Independent Non-Executive Director who is Member of the Nominating and Remuneration Committee of MPACT Management Ltd. (the "Manager").

Additional Details

Name Of Person
Kan Shik Lum
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2024
Detailed Reason (s) for cessation
Mr Kan Shik Lum retires as an Independent Non-Executive Director and Member of the Nominating and Remuneration Committee of the Manager pursuant to the Securities and Futures (Licensing and Conduct of Business) Regulations issued by the Monetary Authority of Singapore on the 9-year tenure limit for Independent Directors.
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
01/12/2015
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)
7
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 and Member of the Nominating and Remuneration Committee of the Manager
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
Astrea III Pte. Ltd.
Astrea IV Pte. Ltd.
Astrea V Pte. Ltd.
Azalea Asset Management Pte. Ltd.
Present
Astrea 7 Pte. Ltd.