Change - Announcement of Cessation::Resignation as Executive Director and Chief Executive Officer ("CEO")

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Feb-2018 19:46:30
Announcement Sub Title
Resignation as Executive Director and Chief Executive Officer ("CEO")
Announcement Reference
Submitted By (Co./ Ind. Name)
Josephine Toh
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation as Executive Director and CEO.

The Board of Directors (the "Board") of EC World Asset Management Pte Ltd, as manager of EC World REIT (the "Manager") has identified a candidate to act as the CEO of the Manager and will make the relevant announcements once the necessary regulatory approval has been obtained. The management staff of the Manager, with the support of the Board, will continue to manage EC World REIT in the meantime.

Sponsor's Statement:
DBS Bank Ltd. was the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters for the initial public offering of EC World REIT.

Additional Details

Name Of Person
Alvin Cheng Yu-Dong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue other professional interests.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and CEO
Role and responsibilities
Responsible for the overall operational efficiency, growth and profitability of EC World REIT portfolio and the Manager.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Shareholding Details
100,000 units in EC World REIT
Past (for the last 5 years)
Amare Investment Management Group Pte. Ltd.
LMIRT Management Ltd.
Detos Properties Pte. Ltd.
Gajah Mada Investments Pte. Ltd.
GMP Interntional Holdings Pte. Ltd.
Grace Capital Pte Ltd
Great Properties Pte Ltd
Icon2 Investments Pte Ltd
Java Properties Pte. Ltd.
KMT1 Holdings Pte Ltd
KMT2 Investment Pte Ltd
LMIRT Capital Pte Ltd
Madiun Properties Pte Ltd
Mal Lippo Investments Pte Ltd
Matos Properties Pte Ltd
Metropolis Properties Pte Ltd
MLC Holdings Pte. Ltd.
Palladium Properties Pte Ltd
Picon1 Holdings Pte Ltd
Picon2 Investments Pte Ltd
Plaza Medan Investments Pte Ltd
Pluit Village Investments Pte Ltd
PMF Holdings Pte Ltd
PV International Holdings Pte Ltd
Realty Overseas Pte Ltd
Serpong Properties Pte Ltd
Binjaimall Holdings Pte Ltd
Kramati Holdings Pte Ltd
Kramat Jati Investment Pte Ltd
Super Binjai Investment Pte Ltd
Palembang Square Holdings Pte Ltd
Palem Square Investment Pte Ltd
Pejaten Holdings Pte Ltd
Pejatenmall Investment Pte Ltd
PSEXT Investment Pte Ltd
PSX Holdings Pte Ltd
Taminis Holdings Pte Ltd
Tamini Square Investment Pte Ltd
Cibubur Holdings Pte Ltd
CJ Retail Investment Pte Ltd
Elok Holdings Pte Ltd
EP International Investments Pte Ltd
Fenton Investments Pte Ltd
Magnus Investments Pte Ltd
Plaza Semanggi Investments Pte Ltd
PS International Holdings Pte Ltd
Maxia Investments Pte Ltd
Tangent Investments Pte Ltd
Kuta1 Holdings Pte Ltd
Kuta2 Investments Pte Ltd
Fullwealth Investment Pte. Ltd.
Prorich Investment Pte. Ltd.
Magnasset Investment Pte. Ltd.
Richport Investment Pte. Ltd.
Richwin Investment Pte. Ltd.
JY Logistics Investment Pte. Ltd.