Change - Announcement of Cessation::Resignation of Deputy Chairman and Non-Executive Director

Issuer & Securities

Issuer/ Manager
DASIN RETAIL TRUST MANAGEMENT PTE.LTD.
Securities
DASIN RETAIL TRUST - SG1DE2000000 - CEDU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Oct-2021 17:27:24
Status
New
Announcement Sub Title
Resignation of Deputy Chairman and Non-Executive Director
Announcement Reference
SG211012OTHRFTO1
Submitted By (Co./ Ind. Name)
Ng Mun Fai
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Deputy Chairman and Non-Executive Director

Additional Details

Name Of Person
Zhang Zhongming
Age
33
Is effective date of cessation known?
Yes
If yes, please provide the date
12/10/2021
Detailed Reason (s) for cessation
The Board of the Trustee-Manager has been informed by Mr. Zhang Zhencheng as well as Aqua Wealth Holdings Limited, a controlling unitholder of the Trust, that completion of the transfer of the sale shares from Mr. Zhang Zhencheng to New Harvest Investments Limited (New Harvest) in accordance with the terms of the SPA (the Completion) has taken place today. Accordingly, New Harvest has become a controlling shareholder of the Trustee-Manager. In connection with the Completion, Mr. Zhang Zhongming has resigned from and relinquished his role as deputy chairman and non-executive director of the 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
01/10/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Deputy Chairman, Non-Executive Director and member of Remuneration Committee
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Zhang Zhongming is the nephew of Mr Zhang Zhencheng, the Chairman and Non-Executive Director of Dasin Retail Trust Management Pte Ltd, the Trustee-Manager of Dasin Retail Trust
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Zhang Zhongming is deemed to be interested in 3,966,200 units of Dasin Retail Trust held by a family trust, where his spouse has the power to make investment decision
Past (for the last 5 years)
Please refer to Appendix 1
Present
Please refer to Appendix 2

Attachments

DASINRT-Appendix 1-Mr. Zhang Zhongming - Past 5 years Directorships.pdf
DASINRT-Appendix 2-Mr. Zhang Zhongming - Present Directorships.pdf
Total size =25K