Change - Announcement of Cessation::Cessation as Executive Director

Issuer & Securities

Issuer/ Manager
JAPAN RESIDENTIAL ASSETS MANAGER LIMITED
Securities
SAIZEN REAL ESTATE INV TRUST - SG2G35998266 - T8JU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Dec-2015 17:54:30
Status
New
Announcement Sub Title
Cessation as Executive Director
Announcement Reference
SG151222OTHR9V12
Submitted By (Co./ Ind. Name)
Goh Hwee Leng Joey
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of cessation as Executive Director

Additional Details

Name Of Person
Wong Kin Jeon Raymond
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2015
Detailed Reason (s) for cessation
In anticipation of the implementation of the new guidelines to holders of a capital markets services licence for real estate investment trust ( REIT ) management with effect from 1 January 2016 (in particular, that the executive directors of a REIT manager should not take up an executive role in another entity), and in light of Mr Wong's executive positions in other entities which he intends to continue taking up, Mr Wong will be appointed as Head (Strategy) and will relinquish his role as Executive Director of the REIT Manager with effect from 31 December 2015.

Mr Wong will continue to remain part of the senior management team of the REIT Manager as Head (Strategy), and will continue to be responsible for the investor relations function of Saizen REIT and the formulation of strategic plans focusing primarily on the creation of value for unitholders of Saizen REIT. He will be responsible for promoting and marketing Saizen REIT to unitholders, analysts and prospective investors together with the Board and the 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
04/09/2007
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Responsible for the investor relations function of Saizen REIT and the formulation of strategic plans focusing primarily on the creation of value for unitholders of Saizen REIT.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
5,161,753 units
Past (for the last 5 years)
1) CK Partners Fund Limited
2)Japan Residential Assets Manager Limited
Present
1) Absolute Clever Assets Limited
2) Asia Garden Sdn Bhd
3) Beagle Capital Limited
4) Beagle Group Limited
5) Cheetah Group Holdings Limited
6) Cheetah Investment Holdings Limited
7) Cheetah Investment Management (BVI) Limited
8) Cheetah Investment Management Limited
9) Cheetah Korea Value Fund
10) China Access Paper Investment Company Limited
11) CIM Advisors Limited
12) CK Absolute Return Fund
13) CK Absolute Return Master Fund
14) CK Absolute Strategic Fund
15) Courses & Seminars Limited
16) Ferania Company Limited
17) Japan Regional Assets Manager Limited
18) KK Tenyu Investment Management
19) Pedder Street Holdings Limited
20) Rainbow Horizon Limited
21) Steel China Advisors Limited