Change - Announcement of Appointment::APPOINTMENT OF DEPUTY CHAIRMAN AND NON-INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
OUE HOSPITALITY REIT MANAGEMENT PTE. LTD.
Securities
OUE HOSPITALITY TRUST - SG2G03994610 - SK7
Stapled Security
Yes

Other Issuer(s) for Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-Jan-2016 18:22:08
Status
New
Announcement Sub Title
APPOINTMENT OF DEPUTY CHAIRMAN AND NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG160112OTHRRMTM
Submitted By (Co./ Ind. Name)
NG NGAI
Designation
COMPANY SECRETARY,OUE HOSPITALITY REIT MANAGEMENT PTE LTD & OUE HOSPITALITY TRUST MANAGEMENT PTE LTD
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lee Yi Shyan as Deputy Chairman and Non-Independent Non-Executive Director of OUE Hospitality REIT Management Pte. Ltd. and OUE Hospitality Trust Management Pte. Ltd. (collectively, the "Managers")

Additional Details

Date Of Appointment
12/01/2016
Name Of Person
LEE YI SHYAN
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating and Remuneration Committee of OUE Hospitality REIT Management Pte. Ltd. has reviewed the qualifications and experience of Mr Lee Yi Shyan and it has recommended his appointment as the Deputy Chairman and Non-Independent Non-Executive Director to the Board of Directors of the Managers.

The Board of Directors of the Managers, having reviewed and considered Mr Lee's qualifications and experience, has approved his appointment as the Deputy Chairman and Non-Independent Non-Executive Director of the Managers.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Chairman and Non-Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
From 1 January 2016 to current
Executive Adviser, Chairman's office, OUE Limited

From September 2015 to current
Member of Parliament, East Coast GRC

From August 2012 to September 2015
Senior Minister of State, Ministry of National Development

From August 2012 to September 2015
Senior Minister of State, Ministry of Trade and Industry

From May 2011 to August 2015
Member of Parliament, East Coast GRC

From May 2011 to July 2012
Minister of State, Ministry of National Development

From April 2009 to May 2011
Minister of State, Ministry of Manpower

From May 2006 to July 2012
Minister of State, Ministry of Trade and Industry

From May 2006 to April 2011
Member of Parliament, East Coast GRC
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
8,000 stapled securities in OUE Hospitality Trust
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nil
Present
Nil
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Mr Lee Yi Shyan will be briefed on his roles and obligations as a Director of the Managers under the listing rules of the SGX-ST as well as the relevant Singapore laws and regulations. Additional training for Mr Lee will be arranged as and when necessary.