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 |