Oct 31, 2023
Change - Announcement Of Cessation Of Appointment Of Non-Executive And Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 31, 2023 22:59 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG231031OTHR4JE3 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Dr Cheong Choong Kong as a Non-Executive and Independent Director, Chairman of the Board and member of the Audit, Risk and Compliance Committee ("ARCC") and the Nominating and Remuneration Committee ("NRC") of Frasers Centrepoint Asset Management Ltd., the manager of Frasers Centrepoint Trust ("FCT") |
| Additional Details | |
| Name Of Person | Cheong Choong Kong |
| Age | 82 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/11/2023 |
| Detailed Reason (s) for cessation | Dr Cheong has served as a Non-Executive and Independent Director since 18 May 2016 and Chairman of the Board since 1 March 2018 and is retiring from the Board as part of Board renewal. The Board expresses its appreciation to Dr Cheong for his dedication and invaluable contribution during his tenure of service. |
| 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 | 18/05/2016 |
| 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) | 3 |
| 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.) | Chairman, Non-Executive and Independent Director and member of the ARCC and the NRC. |
| 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 | No. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 186,597 units in FCT |
| Past (for the last 5 years) | NIL |
| Present | Frasers Centrepoint Asset Management Ltd. |
