| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 10, 2023 17:31 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Portfolio Officer |
| Announcement Reference | SG230510OTHRSJR6 |
| Submitted By (Co./ Ind. Name) | Yong Yean Chau |
| Designation | Director / Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Chief Portfolio Officer |
| Additional Details | |
| Name Of Person | Liu Chen Yin |
| Age | 46 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 12/07/2023 |
| Detailed Reason (s) for cessation | Ms. Liu intends to take a career break to pursue personal interest. Ms. Liu will be engaged as a consultant of the Company for a specific project and on terms as agreed with the Company. The Company is in the process of identifying a suitable replacement and will make the necessary announcement when a suitable candidate is appointed. |
| 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 | 11/12/2009 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Portfolio Officer (re-designated from Vice President, Asset Management) |
| Role and responsibilities | Support the Chief Executive Officer in establishing and executing the portfolio strategies to drive sustainable growth and value for Parkway Life REIT. Lead and oversee the asset management and projects functions in the areas of asset management, portfolio performance, strategic positioning and divestment, asset enhancement and project management of the REIT s portfolio of assets. Assist the Chief Executive Officer in strategic and corporate development. |
| 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 | 105,000 |
| Past (for the last 5 years) | Nil |
| Present | Parkway Life Malaysia Sdn. Bhd. - Director |