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Change - Announcement Of Retirement Of Independent Director

BackApr 29, 2021
Other Issuer(s) for Stapled Security
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 29, 2021 19:13
Status New
Announcement Reference SG210429OTHRBR9D
Submitted By (Co./ Ind. Name) Gerald Lee Hwee Keong
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Retirement of Mr Lee Khai Fatt, Kyle as an Independent Director of FEO Hospitality Asset Management Pte. Ltd., as manager of Far East Hospitality Real Estate Investment Trust (the "REIT Manager"), and FEO Hospitality Trust Management Pte. Ltd., as trustee-manager of Far East Hospitality Business Trust (the "Trustee-Manager", and together with the REIT Manager, the "Managers").
Additional Details
Name Of Person Lee Khai Fatt, Kyle
Age 69
Is effective date of cessation known? Yes
If yes, please provide the date 30/04/2021
Detailed Reason (s) for cessation Mr Kyle Lee is stepping down from the Boards of the Managers as he will be reaching his 9 years tenure of office as an independent director of the REIT Manager on 23 July 2021 and he decided to retire as part of the renewal process of the Board.
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 24/07/2012
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) 4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director, Chairman of Nominating Committee, Member of Audit and Risk Committee and Remuneration Committee of the REIT Manager.
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? Yes
Shareholding Details 667,441 stapled securities in Far East H-Trust
Past (for the last 5 years) 1. MFS Technology Ltd
Present 1. The Great Eastern Life Assurance Company Limited
2. Great Eastern Holdings Limited
3. Capitaland Integrated Commercial Trust Management Limited
4. Comfortdelgro Corporation Limited
5. FEO Hospitality Asset Management Pte. Ltd.
6. FEO Hospitality Trust Management Pte. Ltd.