Change - Announcement of Cessation::Cessation of Chief Operating Officer

Issuer & Securities

Issuer/ Manager
SASSEUR ASSET MANAGEMENT PTE. LTD.
Securities
SASSEUR REIT - SG1ED2000000 - CRPU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Aug-2025 07:18:24
Status
New
Announcement Sub Title
Cessation of Chief Operating Officer
Announcement Reference
SG250814OTHRHF9V
Submitted By (Co./ Ind. Name)
Kevin Cho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Operating Officer.

Additional Details

Name Of Person
Cheng Hsing Yuen
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
13/08/2025
Detailed Reason (s) for cessation
Mr Cheng is stepping down as Chief Operating Officer to assume the role of Chief Executive Officer.
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
03/06/2025
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)
3
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.)
Chief Operating Officer
Role and responsibilities
Mr Cheng is responsible for implementing Sasseur Asset Management Pte. Ltd.'s (the "Manager") strategy and business plans as directed by the Board. He also oversees the day to day operations of the Manager.
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
Other Directorships
Past (for the last 5 years)
Nil
Present
1) Hong Sun Development Group Limited
2) Sasseur Bishan HK Limited
3) Sasseur Hefei HK Limited
4) Sasseur Jinan HK Limited
5) Sasseur Bishan (BVI) Limited
6) Sasseur Hefei Limited
7) Sasseur Jinan Limited
8) Sasseur Singapore Holdings Pte. Ltd.
9) Sasseur Capital Pte. Ltd.
10) Chongqing Sasseur Suge Apparel Joint Stock Co.,Ltd
11) Sasseur (Chongqing) Business Co., Ltd
12) Hefei Sasseur Commercial Management Co., Ltd
13) Sasseur (Hefei) Investment Consultancy Co., Ltd
14) Kunming Sasseur Commercial Management Co., Ltd
15) Sasseur (Kunming) Investment Consultancy Co., Ltd