Change - Announcement of Cessation::Resignation of Non-Executive Chairman who is a member of the Nominating and Remuneration Committee
Issuer & Securities
M&C REIT MANAGEMENT LIMITED
CDL HOSPITALITY TRUSTS - SG1T66931158 - J85
Other Issuer(s) for Stapled Security
DBS TRUSTEE LIMITED
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Non-Executive Chairman who is a member of the Nominating and Remuneration Committee
Submitted By (Co./ Ind. Name)
Soo Lai Sun
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Chairman who is a member of the Nominating and Remuneration Committee.
Name Of Person
Wong Hong Ren
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Wong Hong Ren has decided to step down as the Non-Executive Chairman and Director from the Boards and as a member of the Nominating and Remuneration Committees of M&C REIT Management Limited (the Manager of CDL Hospitality Real Estate Investment Trust) (the "H-REIT Manager") and M&C Business Trust Management Limited (the Trustee-Manager of CDL Hospitality Business Trust) (the "HBT Trustee-Manager") for personal reasons, having served on the Boards for more than ten years since 2006.
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.)
Non-Executive Chairman and Member of the Nominating and Remuneration Committees of the H-REIT Manager and the HBT Trustee-Manager
Role and responsibilities
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?
Direct interest in 138,000 Stapled Securities of CDL Hospitality Trusts
Past (for the last 5 years)
Please refer to the document attached for list of past directorships
Alpha Chance Holdings Limited
CDL Hotels (Singapore) Pte Ltd
Sceptre Hospitality Resources Pte. Ltd.
RSF Carolina Partners, LLC
RSF Syracuse Partners, LLC
Sceptre Hospitality Resources, LLC
Total size =79K