Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
FIRST REIT MANAGEMENT LIMITED
Securities
FIRST REAL ESTATE INV TRUST - SG1U27933225 - AW9U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Apr-2026 17:30:39
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG260402OTHR8UCZ
Submitted By (Co./ Ind. Name)
Victor Tan Kok Mian
Designation
Executive Director and CEO, First REIT Management Limited (as manager of First REIT)
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Tan Chuan Lye as Independent Non-Executive Director of First REIT Management Limited (the "Manager"). Following his cessation, Mr Tan Chuan Lye will also cease to serve as a member of the Audit and Risk Committee (the "ARC") and the Nominating and Remuneration Committee (the "NRC").

Additional Details

Name of person
Tan Chuan Lye
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date.
05/04/2026
Detailed reason(s) for cessation
Mr Tan Chuan Lye will be retiring from the board of Directors of the Manager (the "Board") with effect from 5 April 2026 in view of 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
05/04/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, member of the ARC and member of the NRC
Role and responsibilities
As above
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)
2
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
1. All Saints Home
2. Isetan (Singapore) Limited
3. Singapore Repertory Theatre
4. Member of Audit Committee, Agency for Science, Technology and Research
Present
Directorships:
1. Berjaya Sompo Insurance Berhad
2. Heeton Holdings Limited
3. Kingsmen Creative Limited
4. Meranti Power Pte. Ltd.
5. QAF Limited
6. Science Centre Board
7. Sompo Insurance Singapore Pte. Ltd.
8. Synapxe Pte. Ltd.

Other principal commitments:
1. Chairman of the Board of Trustees, The Brash Trust
2. Member of the Asia Advisory Board, EFG Bank AG
3. Member of the Advisory Committee, Crescent Girl's School
4. Member of Governance and Audit Committee, Singapore Heart Foundation