| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 6, 2017 21:01 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Director |
| Announcement Reference | SG170406OTHRH7DR |
| 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) | Resignation of Independent Director |
| Additional Details | |
| Name Of Person | Lim Kok Hoong |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/04/2017 |
| Detailed Reason (s) for cessation | Mr. Lim's retirement from the Board is part of the succession plan of independent director of Parkway Trust Management Limited, the manager of Parkway Life REIT. His retirement will take effect upon conclusion of the annual general meeting of Parkway Life REIT to be held on 24 April 2017. |
| 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 | 05/07/2007 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Board of Directors and Chairman of the Audit Committee. |
| Role and responsibilities | Independent Director, Chairman of the Board of Directors and Chairman of the Audit Committee. |
| 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) | 1. Amtek Engineering Limited 2. Genting Integrated Resorts Operations Management Pte. Ltd. 3. Lami Ltd 4. Olura Services Sarl 5. Thala SA 6. Timberlay SA 7. Singapore Tourism Board 8. Hoe Leong Corporation 9. Interplex Holdings Ltd |
| Present | 1. Genting Singapore PLC 2. Global Logistics Properties Limited 3. Sabana Real Estate Investment Management Pte. Ltd. 4. YTL Starhill Global REIT Management Limited 5. Marchwood Laboratory Services Pte. Ltd. 6. Grande Rue Investment Holdings Pte. Ltd. 7. Visionary Investment Holdings Pte. Ltd. 8. YSL Starville Investment Holdings Pte. Ltd. 9. B2C Network Pte. Ltd. 10. Viz Branz Holdings Limited |
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