| Announce of Appointment of Independent Non-Executive Director of the Trustee-Manager and a Member of the Audit and Risk Committee | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | PERENNIAL CHINA RETAIL TRUST |
| Company Registration No. | 201024622Z |
| Announcement submitted on behalf of | PERENNIAL CHINA RETAIL TRUST |
| Announcement is submitted with respect to * | PERENNIAL CHINA RETAIL TRUST |
| Announcement is submitted by * | Wong Lai Kuen |
| Designation * | Company Secretary |
| Date & Time of Broacast | 01-Mar-2012 06:23:19 |
| Announcement No. | 00005 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 01/03/2012 |
| Name * | Ooi Eng Peng |
| Age * | 55 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Nomination and Governance Committee of Perennial China Retail Trust Management Pte. Ltd. ("PCRTML") has reviewed the qualifications and work experience of Mr Ooi Eng Peng and recommended his appointment as an Independent Non-Executive Director of PCRTML and a member of the Audit and Risk Committee of PCRTML on the basis of his extensive property industry and fund management experience, strong background in finance and his potential to contribute to the Audit and Risk Committee. The Board of Directors of PCRTML has approved Mr Ooi's appointment based on the recommendation of the Nomination and Governance Committee. |
| Whether appointment is executive, and if so, area of responsibility * | No |
| Job Title * | Independent Non-Executive Director of the Trustee-Manager and a Member of the Audit and Risk Committee |
| Working experience and occupation(s) during the past 10 years * | Mr Ooi was previously the Chief Executive Officer (CEO) of Lend Lease Asia, based in Singapore from 2010 to 2011. From 2006 to 2010, he was the CEO of Investment Management and Retail Asia for Lend Lease based in Singapore. Prior to his roles in Asia, he was regional Chief Financial Officer (CFO) of Lend Lease Communities Asia Pacific from 2003 to 2005, Global CFO of Lend Lease Investment Management from 2002 to 2003 and CFO of Lend Lease Development from 2000 to 2002, all based in Sydney. He has over 30 years of real estate experience in property investment, development, project management and fund investment and management businesses in both Asia and Australia. |
| Shareholding in the listed issuer and its subsidiaries * | No |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil |
| Conflict of interest * | Nil |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | Please see Appendix 1. |
| Present | No |
| >> Information required under Rule 704(7)(h) | |
| Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. | |
| (a) * Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| (b) * Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| (c) * Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| (f) * Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| (h) * Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| (i) * Whether he has ever been the subject of any order, judgement 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, | No |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | |
| (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 |
| >> Information required under Rule 704(7)(i) | |
| Disclosure applicable to the appointment of Director only. | |
| Any prior experience as a director of a listed company? | No |
| If no, please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | PCRTML will arrange for him to receive relevant training to familiarise himself with the roles and responsibilities of a director of the trustee-manager of a listed trust. |
| Footnotes | The Board of Directors of PCRTML considers Mr Ooi to be an Independent Non-Executive Director and independent for the purpose of Rule 704(8) of the listing manual of Singapore Exchange Securities Trading Limited. |
| Attachment(s) | 20120301_062319_N9LU_0BF2D3CDD9DFC72A482579B3001030A2.1.pdf |
