News
Change - Announcement Of Cessation Of Employment Of General Manager Of Investment Division
BackMar 05, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 5, 2024 22:13 |
| Status | New |
| Announcement Sub Title | Cessation of Employment of General Manager of Investment Division |
| Announcement Reference | SG240305OTHRDSHM |
| Submitted By (Co./ Ind. Name) | Ng Mun Fai |
| Designation | Chief Financial Officer |
| Description (Please provide a detailed description of the event in the box below) | Cessation of employment of General Manager of Investment Division |
| Additional Details | |
| Name Of Person | Lu Zhiqi |
| Age | 42 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 05/05/2024 |
| Detailed Reason (s) for cessation | Dasin Retail Trust Management Pte. Ltd. (The "Company") has given notice of termination to Lu Zhiqi who will cease to be employed by the Company with effect from 5 May 2024. |
| 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? | Yes |
| If Yes, Please provide full details | Lu Zhiqi has made a claim against the Company on the grounds of unfair dismissal. The Company has sought legal advice in respect of the claim and is disputing the claim. |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | Yes |
| If Yes, Please provide full details | Please see disclosure above. |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 20/10/2015 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | General Manager of Investment Division |
| Role and responsibilities | Responsible for sourcing and identifying new acquisition opportunities and divestments of Dasin Retail Trust |
| 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? | No |
| Past (for the last 5 years) | None |
| Present | None |