Change - Announcement Of Resignation Of Non-Independent Non-Executive Director
BackAug 08, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 8, 2025 17:42 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Independent Non-Executive Director |
| Announcement Reference | SG250808OTHRQS8O |
| Submitted By (Co./ Ind. Name) | Liaw Liang Huat Joshua |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Independent Non-Executive Director. |
| Additional Details | |
| Name Of Person | Datin Paduka Sarena Cheah Yean Tih |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 08/08/2025 |
| Detailed Reason (s) for cessation | Datin Paduka Sarena Cheah Yean Tih ("Datin Paduka Sarena Cheah") was nominated as a Director of Elite UK REIT Management Pte. Ltd. (the "Manager") by Sunway RE Capital Pte. Ltd. pursuant to its right as a shareholder of the Manager. Consequential to Sunway RE Capital Pte. Ltd. ceasing as a shareholder of the Manager by its sale and transfer of its shares in the Manager to Elite Partners Holdings Pte. Ltd., Datin Paduka Sarena Cheah has tendered her resignation as a Director of the Company. The Board wishes to take this opportunity to thank Datin Paduka Sarena Cheah for her invaluable contributions and guidance during her tenure. |
| 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 | 01/01/2024 |
| 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) | 3 |
| 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-Independent Non-Executive Director, Member of Strategic Planning Committee and Sustainability 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? | No |
| Past (for the last 5 years) | Please refer to Appendix A for Datin Paduka Sarena Cheah's past directorships. |
| Present | Please refer to Appendix B for Datin Paduka Sarena Cheah's present directorships. |
Attachments
- Appendix A (Size: 153,564 bytes)
- Appendix B (Size: 187,004 bytes)
