Change - Announcement of Cessation::Cessation of Mr Soong Hee Sang as Lead Independent Director

Issuer & Securities

Issuer/ Manager
KEPPEL PACIFIC OAK US REIT MANAGEMENT PTE. LTD.
Securities
KEPPEL PACIFIC OAK US REIT - SG1EA1000007 - CMOU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Aug-2024 07:03:10
Status
New
Announcement Sub Title
Cessation of Mr Soong Hee Sang as Lead Independent Director
Announcement Reference
SG240823OTHRRXMA
Submitted By (Co./ Ind. Name)
Darren Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Soong Hee Sang as Lead Independent Director of Keppel Pacific Oak US REIT Management Pte. Ltd. (the manager of Keppel Pacific Oak US REIT).

Additional Details

Name Of Person
Soong Hee Sang
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
23/08/2024
Detailed Reason (s) for cessation
Resigning from the Board due to personal reasons.
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?
Yes
If Yes, Please provide full details
Mr Soong Hee Sang will concurrently cease to be Chairman of the Audit and Risk Committee ("ARC") and member of both the Nominating and Remuneration Committee ("NRC") and Environmental, Social and Governance Committee ("ESGC").
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
19/10/2017
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)
2
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 Independent Director
Chairman of ARC
Member of NRC
Member of ESGC
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?
Yes
Shareholding Details
196,935 Units in Keppel Pacific Oak US REIT
Other Directorships
Past (for the last 5 years)
1. Mercatus Co-operative Limited
2. Mercatus Strategic Investment Management LLP
Present
1. Metro Holdings Limited
2. Frasers Hospitality Asset Management Pte Ltd (the manager of Frasers Hospitality Real Estate Investment Trust)
3. Frasers Hospitality Trust Management Pte Ltd (the trustee manager of Frasers Hospitality Business Trust)