Change - Announcement of Cessation::Retirement of Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jul-2025 17:32:06
Status
New
Announcement Sub Title
Retirement of Non-Independent Non-Executive Director
Announcement Reference
SG250715OTHRO8BB
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Philip Yeo Liat Kok as Non-Independent Non-Executive Director.

Additional Details

Name Of Person
Philip Yeo Liat Kok
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2025
Detailed Reason (s) for cessation
Mr Philip Yeo has given notice of his retirement as a Non-Independent Non-Executive Director of City Developments Limited ("CDL"), having completed 16 years of service on the CDL Board. His last day with CDL will be 31 July 2025.

The Board and Management would like to extend their great appreciation for Mr Yeo's 16 years of distinguished service and his valuable contributions during his tenure of service as a Director.
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
11/05/2009
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)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director
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?
No
Past (for the last 5 years)
Kerry Logistics Network Limited
Baiterek National Managing Holding JSC, Kazakhstan
P*Yeo Investments Pte. Ltd.
Onsponge Pte. Ltd.
iGlobe Platinum Fund Limited
Atumra Therapeutics Pte. Ltd.
Abasia Biolabs Pte. Ltd.
Present
Accuron Technologies Limited
Advanced MedTech Holdings Pte. Ltd.
Biopolis Ventures Pte. Ltd.
Fusionopolis Ventures Pte. Ltd.
Economic Development Innovations Singapore Pte. Ltd.
Hexagon Development Advisors Pte. Ltd.
iGlobe Partners (II) Pte. Ltd.
iGlobe Platinum Fund II Pte. Ltd.
iGlobe Platinum Fund III Limited
iGlobe Capital VCC / iGlobe Platinum Fund IV (Sub-Fund)
IndoFood Agri Resources Ltd.
JobTech Pte. Ltd.
MTIC Holdings Pte. Ltd.
Singapore Aerospace Manufacturing Pte Ltd
St. Joseph's Institution Philanthropic Fund for the Lasallian Mission Ltd.
Determinant Holding Private Limited
Quaternion Holdings Private Limited
Tessellation Holdings Ltd
QAF Limited
Sunway Berhad