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
07-May-2025 17:38:05
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG250507OTHRZDL8
Submitted By (Co./ Ind. Name)
Soo Lai Sun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr Foo Say Mui (Bill) as an Independent Non-Executive Director, the Lead Independent Director, the Chairman of Audit and Risk Committees, the Chairman of Board Sustainability Committees and a member of Nominating and Remuneration Committees.

Additional Details

Name Of Person
Foo Say Mui (Bill)
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
09/05/2025
Detailed Reason (s) for cessation
Dr Foo Say Mui (Bill) is stepping down from the Board of M&C REIT Management Limited, manager of CDL Hospitality Real Estate Investment Trust ("H-REIT Manager"), and the Board of M&C Business Trust Management Limited, trustee-manager of CDL Hospitality Business Trust ("HBT Trustee-Manager") as he would have served on both Boards as an independent director for nine years on 10 May 2025. Dr Foo will concurrently cease to be the Lead Independent Director, the Chairman of Audit and Risk Committees, the Chairman of Board Sustainability Committees and a member of Nominating and Remuneration Committees of the H-REIT Manager and HBT Trustee-Manager.
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
11/05/2016
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead ID, Chairman of Audit and Risk Committees, Chairman of Board Sustainability Committees and member of Nominating and Remuneration Committees
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)
Mewah International Inc.
Tower Capital Asia Pte. Ltd.
Present
The International Institute for Strategic Studies (Asia) Ltd
Tung Lok Restaurants (2000) Ltd
Business Circle Singapore Pte Ltd
Kenon Holdings Ltd.
Investible Funds VCC
Agrocorp International Pte Ltd
Wee Hur Holdings Ltd.