News


Change - Announcement Of Cessation Of Chief Executive Officer

BackJan 17, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 17, 2020 19:24
Status New
Announcement Sub Title Announcement of Cessation of Chief Executive Officer
Announcement Reference SG200117OTHR0BTG
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. Li Wen as Chief Executive Officer ("CEO") of Dasin Retail Trust Management Pte. Ltd. (the "Trustee-Manager")
Additional Details
Name Of Person Li Wen
Age 43
Is effective date of cessation known? Yes
If yes, please provide the date 13/03/2020
Detailed Reason (s) for cessation Mr. Li Wen has resigned as Chief Executive Officer of the Trustee-Manager and will be relinquishing his role to pursue other interests.
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 01/07/2017
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
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.) Chief Executive Officer
Role and responsibilities As the Chief Executive Officer, Mr. Li Wen is responsible for the strategic management, growth and operation of Dasin Retail Trust and works with the Board of Directors to determine business strategies and ensure that such strategies are executed accordingly.
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 83,250 units
Past (for the last 5 years) Nil
Present Nil