| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 9, 2019 17:46 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Lee Chee Koon as Non-Executive Non-Independent Director |
| Announcement Reference | SG191009OTHRC6UX |
| Submitted By (Co./ Ind. Name) | Lee Ju Lin, Audrey |
| Designation | Company Secretary, CapitaLand Commercial Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Lee Chee Koon as a Non-Executive Non-Independent Director, a Member of the Corporate Disclosure Committee and Chairman of the Executive Committee. |
| Additional Details | |
| Name Of Person | Lee Chee Koon |
| Age | 44 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 10/10/2019 |
| Detailed Reason (s) for cessation | Mr Lee Chee Koon is Group CEO of CapitaLand Group. CapitaLand Group's business has expanded following completion of the acquisition of Ascendas-Singbridge's businesses in June 2019; his stepping down will enable him to spend more time growing the business of CapitaLand Group. |
| 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 | 01/01/2018 |
| 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 Non-Independent Director, Member of the Corporate Disclosure Committee and Chairman of the Executive Committee |
| Role and responsibilities | Non-Executive Non-Independent Director, Member of the Corporate Disclosure Committee and Chairman of the Executive Committee |
| 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? | No |
| Past (for the last 5 years) | Please refer to the attached Appendix A. |
| Present | Please refer to the attached Appendix B. |
Attachments