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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 1, 2021 23:02 |
| Status | New |
| Announcement Sub Title | Appointment of Independent and Non-Executive Director |
| Announcement Reference | SG210101OTHR47XM |
| Submitted By (Co./ Ind. Name) | Han Yong Lee (Donald) |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Date Of Appointment | 01/01/2021 |
| Name Of Person | Willy Shee Ping Yah @ Shee Ping Yan |
| Age | 72 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, taking into consideration the credentials, experience, and qualifications of Mr. Willy Shee Ping Yah @ Shee Ping Yan, and at the recommendation of the Nominating and Remuneration Committee, approved Mr Shee's appointment as Independent Non-Executive Director and member of the Nominating and Remuneration Committee. The appointment of Mr. Shee as Independent Non-Executive Director will be subject further to the endorsement of the independent unitholders of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust ("Sabana REIT") at the annual general meeting of Sabana REIT. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director and member of the Nominating and Remuneration Committee |
| Professional qualifications | NIL |
| 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 | 1 July 2016 to Present Senior Advisor (Non-Executive) CBRE Pte Ltd After completing 40 years' service in the Richard Ellis/CBRE Group, Mr. Shee stepped down as Chairman, Asia from 1 July 2016. |
| 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? | No |
| # 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) | Non-Executive Director Ascendas Hospitality Fund Management Pte Ltd (1 October 2017 to 3 January 2020) Non-Executive Director Ascendas Hospitality Trust Management Pte Ltd (1 October 2017 to 3 January 2020) Director Sunway REIT Management Sdn Bhd (24 March 2010 to March 2016) Listed on the Malaysian Stock Exchange. Members of Audit Committee, Nomination Committee and Remuneration Committee. Director Ascendas Pte Ltd (18 April 2008 to 10 June 2015) Regional property owner and developer of business parks, integrated communities, industrial parks, REITS and commercial properties. Chairman of Board Investment Committee, Chairman of Ascendas Gives Foundation and Member of Management Development & Compensation Committee. Director OMB Pte Ltd (11 August 2011 to 10 June 2015) Director SLF Properties Pte Ltd (2 April 2008 to 27 May 2015) The property arm of Singapore Labour Foundation, owns majority share of office space in SLF Office Buildings at Thomson Road. Director CBRE Pte Ltd (31 May 1977 to 31 July 2016) Director CBRE Management Pte Ltd (18 December 1985 to 31 July 2016) Director NTUC Fairprice Co-Operative Ltd (4 September 2008 to 29 May 2019) Honorary Advisor (Valuation) Real Estate Developers' Association of Singapore (REDAS) (1998 to 2017) |
| Present | Non-Executive Independent Director Bund Center Investment Ltd (17 February 2010) Non-Executive Director Shanghai Golden Bund Real Estate Co., Ltd (30 January 2011) Non-Executive Director Mercatus Co-operative Limited (20 June 2011) Non-Executive Director Keppel Land Ltd (15 October 2016) Non-Executive Independent Director Sinarmas Land Limited (24 April 2018) Member of Panel for Inquiry Committee Law Society (appointed by Chief Justice)(since 2001) Honorary Lion, Lions Club of Singapore Jurong President (1978/80) Member (since 1977) Committee Member/ Honorary Secretary Singapore Turf Club (1 April 2019) |
| (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 | Keppel Land Limited |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | N/A |