News
Change - Announcement Of Cessation Of Chief Financial Officer
BackMar 30, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 30, 2023 17:55 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Financial Officer |
| Announcement Reference | SG230330OTHRFWK8 |
| Submitted By (Co./ Ind. Name) | Winnie Yap |
| Designation | Finance Director |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Gerard Yuen Wei Yi as Chief Financial Officer with effect from 1 May 2023. |
| Additional Details | |
| Name Of Person | Gerard Yuen Wei Yi |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/05/2023 |
| Detailed Reason (s) for cessation | Mr Gerard Yuen Wei Yi is stepping down as Chief Financial Officer to assume the role of Chief Executive Officer. |
| 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 | 01/07/2019 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Mr. Yuen works with the Chief Executive Officer and other members of the management team to formulate strategic plans for United Hampshire US REIT ("UHREIT"). He is responsible for applying the appropriate capital management strategy, overseeing tax and treasury matters, as well as finance and accounting matters, and is involved in the implementation of UHREIT's short and medium-term business plans, fund management activities and financial condition. |
| 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 | 1 Unit in United Hampshire US REIT |
| Past (for the last 5 years) | United Hampshire US REIT Management Pte. Ltd. |
| Present | United Hampshire US REIT Sub 1 Pte Ltd United Hampshire US REIT Sub 2 Pte Ltd United Hampshire US REIT Sub 3 Pte Ltd |
