Change - Announcement of Cessation::Resignation of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
OLIVE TREE ESTATES LIMITED
Securities
OLIVE TREE ESTATES LIMITED - SG1EB5000001 - 1H2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Feb-2026 00:41:57
Status
New
Announcement Sub Title
Resignation of Independent and Non-Executive Director
Announcement Reference
SG260214OTHRKDLQ
Submitted By (Co./ Ind. Name)
Daniel Long Chee Tim
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent and Non-Executive Director.

This document has been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Lay Shi Wei (Tel: (65) 6241 6626), at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.

Additional Details

Name of person
Daniel Cuthbert Ee Hock Huat
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date.
13/02/2026
Detailed reason(s) for cessation
Resignation following the mandatory general offer and change of controlling shareholder of the Company.

Based on its enquiries, the Company's sponsor, Evolve Capital Advisory Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Daniel Cuthbert Ee Hock Huat as an Independent and Non-Executive Director of the Company.
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
22/12/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman, Chairman of Audit Committee, and Member of the Remuneration Committee and the Nominating Committee
Role and responsibilities
Independent and Non-Executive Director
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
1
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
None
Present
- Keppel Infrastructure Fund Management Pte Ltd
- (Trustee Manager of Keppel Infrastructure Trust)
- Capitaland Ascendas REIT Management Limited
- (the Manager of Capitaland Ascendas REIT)
- Singapore Mediation Centre
- Neptune1 Infrastructure Holdings Pte. Ltd.
- One Eco Co., Ltd
- Keppel Asia Infra Fund (GP) Pte. Ltd.
- Keppel Asia Infra Fund II (GP) Pte. Ltd.