Change - Announcement of Cessation::RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN

Issuer & Securities

Issuer/ Manager
ARA TRUST MANAGEMENT (SUNTEC) LIMITED
Securities
SUNTEC REAL ESTATE INV TRUST - SG1Q52922370 - T82U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2019 07:48:06
Status
New
Announcement Sub Title
RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN
Announcement Reference
SG190418OTHRCZ8E
Submitted By (Co./ Ind. Name)
Chong Kee Hiong
Designation
Director
Description (Please provide a detailed description of the event in the box below)
RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN

Additional Details

Name Of Person
Chen Wei Ching, Vincent
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
22/04/2019
Detailed Reason (s) for cessation
Mr Chen Wei Ching, Vincent ("Vincent") will step down as Lead Independent Non-Executive Director and Audit Committee Chairman due to the approaching 9-year limit on the tenure for an Independent Director. The Board wishes to extend its gratitude and appreciation to Vincent for his dedication and stewardship during his tenure on the Board.
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
01/10/2010
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.)
Lead Independent Non-Executive Director and Chairman of Audit Committee.
Role and responsibilities
Lead Independent Non-Executive Director and Chairman of Audit Committee.
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
400000
Past (for the last 5 years)
Nil
Present
a) Chen Holdings Pte. Ltd.
b) Pauline Estate Pte. Ltd.
c) Sino-Malayan Engineers Pte. Ltd.; and
d) Prime Asia Incorporated.