News
Change - Announcement Of Resignation Of Non-Executive And Independent Director
BackDec 19, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 19, 2025 22:44 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive and Independent Director |
| Announcement Reference | SG251219OTHRXI44 |
| 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) | Resignation of non-executive and independent director. |
| Additional Details | |
| Name of person | Tan Huay Lim |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 22/12/2025 |
| Detailed reason(s) for cessation | Mr. Tan Huay Lim was appointed as an independent and non-executive director of Dasin Retail Trust Management Pte. Ltd. on 23 December 2016. He resigned as a director with effect from 22 December 2025 which is the end of the nine-year tenure limit to be considered independent. |
| 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 | 23/12/2016 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of Audit and Risk Committee and Member of Nominating and Remuneration Committee |
| Role and responsibilities | Lead Independent Director, Chairman of Audit and Risk Committee and Member of Nominating and Remuneration Committee |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking into account this cessation) | 1 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | No |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 312,500 units |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Other Directorships Past (for the last 5 years) |
1. ASL Marine Holdings Ltd. 2. Elite UK REIT Management Pte. Ltd. (formerly known as Elite Commercial REIT Management Pte. Ltd.) - the Manager of Elite Commercial REIT 3. Green Link Digital Bank Pte. Ltd. 4. Koufu Group Pte. Ltd. 5. SF REIT Asset Management Limited (the Manager of SF Real Estate Investment Trust) (listed on The Stock Exchange of Hong Kong Limited) 6. Zheneng Jinjiang Environment Holding Company Limited |
| Present | 1. Sheng Siong Group Limited 2. OUE REIT Management Pte. Ltd. (the Manager for OUE Real Estate Investment Trust) 3. Linklogis Inc. (listed on The Stock Exchange of Hong Kong Limited) |