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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 22, 2023 18:42 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Ong Su Kiat Melvyn as Non-Executive Independent Director |
| Announcement Reference | SG231122OTHR2T9X |
| Submitted By (Co./ Ind. Name) | Karen Chan |
| Designation | Company Secretary, CapitaLand Ascott Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Ong Su Kiat Melvyn as a Non-Executive Independent Director and a Member of Audit Committee and Nominating and Remuneration Committee, respectively. |
| Additional Details | |
| Name Of Person | Ong Su Kiat Melvyn |
| Age | 48 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/01/2024 |
| Detailed Reason (s) for cessation | Mr Ong Su Kiat Melvyn is taking up a new executive appointment with effect from 1 January 2024 and has decided to devote more time to his executive responsibilities. He will retire as a director of CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd. with effect from 1 January 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? | 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 | 01/05/2021 |
| 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) | 5 |
| 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.) | Non-Executive Independent Director and a Member of the Audit Committee and Nominating and Remuneration Committee, respectively. |
| Role and responsibilities | Non-Executive |
| 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) | Please see Appendix A. |
| Present | Please see Appendix B. |
Attachments