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

Issuer & Securities

Issuer/ Manager
EC WORLD ASSET MANAGEMENT PTE LTD
Securities
EC WORLD REIT - SG1DA7000003 - BWCU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jun-2025 21:40:28
Status
New
Announcement Sub Title
Relinquishment of Independent Non-Executive Director
Announcement Reference
SG250604OTHRQW7O
Submitted By (Co./ Ind. Name)
Goh Toh Sim
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Relinquishment of Independent Non-Executive Director and Lead Independent Director, a member of the Nominating and Risk Committee, and stepping down as Acting Chairman of the Board.

Additional Details

Name Of Person
Chan Heng Wing
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
21/06/2025
Detailed Reason (s) for cessation
In view of the 9-year tenure limit for independent directors, Mr Chan Heng Wing ("Mr Chan") will be stepping down as Independent Non-Executive Director of the Company pursuant to Listing Rule 210(5)(d)(iv).

The Board would like to express its gratitude towards Mr Chan for his valuable and contributions to the Company 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
21/06/2016
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Acting Chairman of the Board, Independent Non-Executive Director, Lead Independent Director, and a member of the Nominating and Risk Committee
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?
Yes
Shareholding Details
300,000 Units in EC World REIT
Past (for the last 5 years)
1. Banyan Tree Holdings Limited
2. Fraser Property Limited
3. Precious Treasure Pte Ltd
4. Precious Quay Pte. Ltd.
5. Club Street Social Pte. Ltd.
6. Milken Institute Asia Center
Present
1. Fraser and Neave Limited
2. One Bangkok Holdings
3. Decker Barbecue Pte. Ltd.