CapitaLand Ascott Trust - Investor Relations: News

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Change - Announcement Of Cessation Of Mr Sim Juat Quee Michael Gabriel As Non-Executive Independent Director

BackAug 29, 2025

Announcement Title	Change - Announcement of Cessation
Date & Time of Broadcast	Aug 29, 2025 17:44
Status	New
Announcement Sub Title	Cessation of Mr Sim Juat Quee Michael Gabriel as Non-Executive Independent Director
Announcement Reference	SG250829OTHRXMH8
Submitted By (Co./ Ind. Name)	Hon Wei Seng / Lee Wei Hsiung
Designation	Company Secretaries
Description (Please provide a detailed description of the event in the box below)	Cessation of Mr Sim Juat Quee Michael Gabriel as a Non-Executive Independent Director and Chairman of Audit and Risk Committee.
Additional Details
Name Of Person	Sim Juat Quee Michael Gabriel
Age	70
Is effective date of cessation known?	Yes
If yes, please provide the date	31/08/2025
Detailed Reason (s) for cessation	Under the Securities and Futures (Licensing and Conduct of Business) regulations of the Monetary Authority of Singapore, an independent director is one who has not served as a director for a continuous period of 9 years ("9-year Rule"). Mr Sim Juat Quee Michael Gabriel has served as a Non-Executive Independent Director of CapitaLand Ascott Trust Management Limited (the "REIT Manager") for almost 9 years, and is stepping down as an independent director pursuant to the 9-year Rule. Mr Sim is also stepping down as a Non-Executive Independent Director of CapitaLand Ascott Business Trust Management Pte. Ltd. (the "Trustee-Manager") which he was appointed since 30 December 2019. Following his cessation, Mr Sim will be relinquishing his role as the Audit and Risk Committee Chairman of the REIT Manager and the Trustee-Manager.
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	01/09/2016
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)	4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months	1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Non-Executive Independent Director and Chairman of Audit and Risk Committee.
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?	Yes
Shareholding Details	164,823 stapled securities in CapitaLand Ascott Trust
Past (for the last 5 years)	1. Jurong Town Corporation (Board Member) 2. Lien Aid Limited (Non-Executive Director)
Present	1. Platanetree Capital Pte. Ltd. (Executive Director) 2. Catholic Welfare Services (Member, Board of Governors) 3. Roman Catholic Archdiocese of Singapore (Chairman, Archdiocesan Audit Committee) 4. Accounting Standards for Statutory Boards Advisory Committee (AGD) (Member)