Change - Announcement Of Cessation

BackJun 01, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jun 1, 2017 23:19
Status New
Announcement Sub Title Change - Announcement of Cessation
Announcement Reference SG170601OTHRBNXJ
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 Mr Yang Bin as Chief Executive Officer ("CEO") of Dasin Retail Trust Management Pte. Ltd.

Sponsorship Statement:
DBS Bank Ltd. ("DBS") is the Sole Financial Adviser, Global Coordinator and Issue Manager for the Initial Public Offering ("Offering"). DBS, Bank of China Limited, Singapore Branch and Haitong International Securities (Singapore) Pte. Ltd. are the Joint Bookrunners and Underwriters for the Offering.
Additional Details
Name Of Person Yang Bin
Age 49
Is effective date of cessation known? Yes
If yes, please provide the date 30/06/2017
Detailed Reason (s) for cessation Mr Yang Bin has resigned from his position in the Company to pursue his own personal interests. Mr Li Wen will be appointed as CEO (Designate) until 30 June 2017, and will be appointed as CEO on 1 July 2017.

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 14/08/2015
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) 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer
Role and responsibilities The Chief Executive Officer is in charge of leading the Dasin Retail Trust Management Pte. Ltd. management team and is responsible for the team's performance. He has full executive responsibilities over the business directions and operational decisions in the day-to-day management of Dasin Retail Trust Management Pte. Ltd.
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) Nil
Present Nil


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