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

Issuer & Securities

Issuer/ Manager
M&C REIT MANAGEMENT LIMITED
Securities
CDL HOSPITALITY TRUSTS - SG1T66931158 - J85
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Name
DBS TRUSTEE LIMITED

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-May-2016 17:31:07
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG160511OTHRAEC3
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director who is a member of the Audit and Risk Committee.

Additional Details

Name Of Person
Chan Chun Ming Jimmy
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
11/05/2016
Detailed Reason (s) for cessation
Mr Chan Chun Ming Jimmy is stepping down from the Boards and the Audit and Risk Committees of M&C REIT Management Limited (the Manager of CDL Hospitality Real Estate Investment Trust)("H-REIT Manager") and M&C Business Trust Management Limited (the Trustee-Manager of CDL Hospitality Business Trust)("HBT Trustee-Manager"), having served more than 9 years as an Independent Director. Mr Chan's stepping down is part of the rejuvenation process of the Boards, which are also mindful of the recent regulatory changes introduced by the Monetary Authority of Singapore for Real Estate Investment Trusts to strengthen board independence for REIT managers.
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
22/05/2006
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)
4
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.)
Independent Non-Executive Director and Member of the Audit and Risk Committees of the H-REIT Manager and the HBT Trustee-Manager
Role and responsibilities
As above.
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)
Royal Orchid Hotel (Thailand) Public Company Limited
Present
Maxwell Capital Partners Limited
Maxwell China Investors Limited
Hsin Chong Strategic Investment (International) Ltd
Maxsen International Limited
Max-1-WH Limited
Will Profit International Limited
Harvard Investments Limited
Maple Fame Limited
Maxsen Capital Limited
Maxwell Capital Management Limited
Will Profit International Limited