| Announcement of Cessation of Independent Non-Executive Director (Chairman of the Board, Chairman of the Nomination and Governance Committee and Member of the Corporate Disclosure 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 * | Foo Jong Sin |
| Designation * | Company Secretary |
| Date & Time of Broacast | 14-Feb-2013 06:19:56 |
| Announcement No. | 00007 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name * | Boon Swan Foo |
| Age * | 57 |
| Is Effective Date of Cessation known? * | No |
| If no, please advice when the date will be announced | The effective date of cessation will take place the day after the Trustee-Manager ("Perennial China Retail Trust Management Pte. Ltd.") of Perennial China Retail Trust ("PCRT") issues PCRT's Report to Unitholders 2012 in respect of the financial year ended 31 December 2012. |
| Detailed Reason(s) for cessation * | Concerns about the time availability due to change in personal circumstances - Spend more time to build up own company. |
| Is there any difference of opinion on material matters between the person and the Board of directors? * | No |
| If yes, please elaborate * | NA |
| 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 |
| Date of Appointment to current position * | 19/11/2010 |
| Job Title * | Independent Non-Executive Director (Chairman of the Board, Chairman of the Nomination and Governance Committee and Member of the Corporate Disclosure Committee.) |
| Role and responsibilities * | The Chairman of the Trustee-Manager ensures that the Board is effective in its task of setting and implementing the goals and strategies of the company. He also works closely with senior management of the Trustee-Manager on strategic implementation and oversees the proper conduct of the Trustee-Manager. |
| 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 resignation) * | 3 |
| Number of Cessations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months * | 1 |
| Shareholding in the listed issuer and its subsidiaries * | NIL |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | NIL |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) * | Refer to Annex 1 |
| Present * | Refer to Annex 2 |
| Footnotes | The issue managers for the initial public offering and listing of Perennial China Retail Trust were DBS Bank Ltd., Goldman Sachs (Singapore) Pte., Standard Chartered Securities (Singapore) Pte. Limited and Citigroup Global Markets Singapore Pte. Ltd.. The issue managers for the initial public offering assume no responsibility for the contents of this announcement. |
| Attachment(s) | 20130214_061956_N9LU_FD80E1CC0681D38848257B0300327D2C.1.pdf 20130214_061956_N9LU_FD80E1CC0681D38848257B0300327D2C.2.pdf |
