News| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Retirement of Chairman and Independent Non-Executive Director |
| Securities | SABANA SHARI'AH COMPLIANT REIT (SABANA REIT) |
| Date & Time of Broadcast | Oct 31, 2019 21:17 |
| Submitted By | Kevin Cho Company Secretary |
| Description | Retirement of Chairman and Independent Non-Executive Director |
| Cessation Details | |
| Name of person | Yong Kok Hoon |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Oct 31, 2019 |
| Detailed reason(s) for cessation | Mr. Yong Kok Hoon has served as Chairman and independent non-executive Director of the Company for nine years and pursuant to Reg 13D(7)(b)(v) of the Securities and Futures (Licensing and Conduct of Business) Regulations, will retire as Chairman and independent non-executive Director of the Company with effect from 31 October 2019. The Board of Directors expressed its gratitude and appreciation to Mr. Yong Kok Hoon for his invaluable contributions during his tenure as Chairman and independent non-executive Director of the Company. |
| 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 | Nov 1, 2010 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking this 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 | 3 |
| Job Title | Chairman and Independent Non-Executive Director, member of Audit Committee and Chairman of Nominating and Remuneration Committee |
| Role and responsibilities | Independent Non-Executive Director |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 1,491,000 units |
| Past (for the last 5 years) | - |
| Present | China Jishan Holdings Limited Sabana Real Estate Investment Management Pte. Ltd. |
