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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 14, 2020 17:47 |
| Status | New |
| Announcement Sub Title | Appointment of Mr Chia Kim Huat as Non-Executive Independent Director |
| Announcement Reference | SG200414OTHRBM08 |
| Submitted By (Co./ Ind. Name) | Karen Chan |
| Designation | Company Secretary, Ascott Residence Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Chia Kim Huat as a Non-Executive Independent Director and a Member of the Audit Committee. |
| Additional Details | |
| Date Of Appointment | 15/04/2020 |
| Name Of Person | Chia Kim Huat |
| Age | 53 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Chia Kim Huat is currently the Regional Head, Corporate and Transactional Practices, Rajah & Tann Singapore LLP. With his extensive experience in capital markets, public and private mergers and acquisitions, cross-border joint ventures and private equity investments, both in Singapore and the region, Mr Chia will be able to contribute to the Board's deliberations. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director and Member of the Audit Committee |
| Professional qualifications | 1. Bachelor of Law (Honours) 2. Postgraduate Practical Course in Law 3. Advocate & Solicitor of Supreme Court, Singapore 4. Solicitor of High Court, Hong Kong Special Administrative Region |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Partner, Rajah & Tann Singapore LLP(Regional Head, Corporate and Transactional Practices) |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 91,333 stapled securities in Ascott Residence Trust |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | Please refer to the attached Appendix A |
| Present | Please refer to the attached Appendix B |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | 1. Mr Chia is a director of SATS Ltd which is listed on the Singapore Exchange Securities Trading Limited. 2. He was a director of Ascendas Hospitality Fund Management Pte Ltd, as manager of Ascendas Hospitality Real Estate Investment Trust (AHREIT), and Ascendas Hospitality Trust Management Pte. Ltd., as trustee-manager of Ascendas Hospitality Business Trust (AHBT), AHREIT and AHBT stapled known as Ascendas Hospitality Trust (AHT). AHT was listed on the Singapore Exchange Securities Trading Limited. 3. Mr Chia was also previously a director of: - PEC Limited which is listed on the Singapore Exchange Securities Trading Limited; and - Ascendas Funds Management (S) Limited, as manager of Ascendas Real Estate Investment Trust which is listed on the Singapore Exchange Securities Trading Limited |
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