Newsroom
Change - Announcement Of Cessation Of Non-Executive Chairman And Director
BackApr 02, 2025
| Other Issuer(s) for Stapled Security | |
| Name DBS TRUSTEE LIMITED |
|
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 2, 2025 20:26 |
| Status | New |
| Announcement Sub Title | CESSATION OF NON-EXECUTIVE CHAIRMAN AND DIRECTOR |
| Announcement Reference | SG250402OTHR19HX |
| Submitted By (Co./ Ind. Name) | Gerald Lee Hwee Keong |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Wee Kheng Jin as a Non-Executive Chairman and a Director of FEO Hospitality Asset Management Pte. Ltd., as REIT 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") (collectively, the "Managers"). |
| Additional Details | |
| Name Of Person | Wee Kheng Jin |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2025 |
| Detailed Reason (s) for cessation | Mr Wee is stepping down from the Board of the Managers 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 | 28/01/2011 |
| 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 |
| 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.) | Non-Executive Chairman and a Director of 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 | 824,998 stapled securities in Far East H-Trust |
| Past (for the last 5 years) | NIL |
| Present | 1. FEO Hospitality Asset Management Pte. Ltd. (Mr Wee will be ceased as Director on 30 April 2025) 2. FEO Hospitality Trust Management Pte. Ltd. (Mr Wee will be ceased as Director on 30 April 2025) |
