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Change - Announcement Of Cessation Of Chief Financial Officer

BackOct 31, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 31, 2018 17:39
Status New
Announcement Sub Title Cessation of Chief Financial Officer
Announcement Reference SG181031OTHR8ALO
Submitted By (Co./ Ind. Name) Mary Judith de Souza
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Cessation of Chief Financial Officer
Additional Details
Name Of Person Lim San San Susanna
Age 48
Is effective date of cessation known? Yes
If yes, please provide the date 31/10/2018
Detailed Reason (s) for cessation Ms Lim San San Susanna has been the Chief Financial Officer (CFO) of Ascendas Hospitality Trust (AHTRUST) since its IPO in July 2012. Due to reorganisation within Ascendas-Singbridge (ASB) Group, Ms Lim will relinquish her current appointment as CFO of AHTRUST to take up other executive position within the ASB Group.
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 27/07/2012
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) 5
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.) Chief Financial Officer
Role and responsibilities Ms Lim oversees the financial operation of AHTRUST, Ascendas Hospitality Fund Management Pte. Ltd. (as manager of Ascendas Hospitality Real Estate Investment Trust), Ascendas Hospitality Trust Management Pte. Ltd. (as trustee-manager of Ascendas Hospitality Business Trust) and their subsidiaries. This includes financial compliance and reporting, financial management, corporate finance and treasury management.
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 30,000 units in AHTRUST
Past (for the last 5 years) 1. Ascendas Cairns International Pty Limited
2. Ascendas Hospitality China Pte Ltd
Present 1. Ascendas Hospitality Japan 1 Pte Ltd
2. Ascendas Hospitality Japan 2 Pte Ltd
3. Ascendas Hospitality Japan 3 Pte Ltd
4. Ascendas Hospitality Australia Investments Pte Ltd
5. Ascendas Namba 1 Pte Ltd
6. Ascendas Namba 2 Pte Ltd
7. Ascendas Namba 3 Pte Ltd
8. Ascendas Hospitality MTN Pte. Ltd.
9. Ascendas Hospitality Australia Fund Management Pty Ltd
10. Ascendas Hospitality Operations Pty Ltd
11. Ascendas Hotel Investment Company
12. Lodging Logistics Pty Ltd
13. Ascendas Asset Management Co., Ltd.