Change - Announcement of Cessation :: Resignation of Non-Executive Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 10, 2019 23:08 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Director |
| Announcement Reference | SG191210OTHRBDS7 |
| Submitted By (Co./ Ind. Name) | Wan Kwong Weng |
| Designation | Joint Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Director and Member of Nominating and Remuneration Committee of Mapletree North Asia Commercial Trust Management Ltd. (the "Manager"). |
| Additional Details | |
| Name Of Person | Hiew Yoon Khong |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/12/2019 |
| Detailed Reason (s) for cessation | Mr Hiew Yong Khong's resignation is due to reorganisation on Board representation by the Sponsor, Mapletree Investments Pte Ltd. Mr Chua Tiow Chye, the current Non-Executive Director of the Manager will be appointed as a Member of the Nominating and Remuneration Committee in place of Mr Hiew. |
| 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 | 30/11/2012 |
| 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) | 5 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Director |
| 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 | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 830,000 units in Mapletree North Asia Commercial Trust ("MNACT") (Direct Interest). 3,950,000 units in MNACT (Deemed Interest held through Nominee Account(s)). |
| Past (for the last 5 years) | 1. Gemstone Asset Holdings Pte. Ltd. 2. Oakwood Worldwide (Asia) Pte. Ltd. |
| Present | 1. CMREF 1 Sdn. Bhd. (in Liquidation) 2. HarbourFront Three Pte Ltd 3. M+S Pte. Ltd. 4. Mapletree Capital Management Pte. Ltd. 5. Mapletree Commercial Trust Management Ltd. 6. Mapletree Investments Pte Ltd 7. Mapletree Industrial Trust Management Ltd. 8. Mapletree Logistics Trust Management Ltd. 9. Mapletree North Asia Commercial Trust Management Ltd. 10. Mapletree Oakwood Holdings Pte. Ltd. 11. Mapletree Treasury Services (HKSAR) Limited 12. Mapletree Treasury Services (US) Pte. Ltd. 13. Mapletree Treasury Services Limited 14. Marina South Investments Pte. Ltd. 15. MS Commercial Pte. Ltd. 16. MS Residential 1 Pte. Ltd. 17. MS Residential 2 Pte. Ltd. 18. Ophir-Rochor Investments Pte. Ltd. 19. Vietsin Commercial Complex Development Joint Stock Company |