Change - Announcement Of Appointment Of Chief Financial Officer ("CFO")

BackNov 01, 2018
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Nov 1, 2018 18:06
Status New
Announcement Sub Title Appointment of Chief Financial Officer ("CFO")
Announcement Reference SG181101OTHRQ6RD
Submitted By (Co./ Ind. Name) Ng Ngai
Designation Company Secretary,OUE Hospitality REIT Management Pte Ltd & OUE Hospitality Trust Management Pte Ltd
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Lionel Chua as CFO of OUE Hospitality REIT Management Pte. Ltd., as manager of OUE Hospitality Real Estate Investment Trust, and OUE Hospitality Trust Management Pte. Ltd., as trustee-manager of OUE Hospitality Business Trust (collectively, the "Managers")
Additional Details
Date Of Appointment 01/11/2018
Name Of Person Lionel Chua
Age 46
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Nominating and Remuneration Committee of OUE Hospitality REIT Management Pte. Ltd. (the "REIT Manager") has reviewed the qualifications and experience of Mr Lionel Chua ("Mr Chua") and it has recommended his appointment as the CFO to the Board of Directors of each of the Managers.

The Board of Directors of each of the Managers, having reviewed and considered Mr Chua s qualifications and experience, has approved his appointment as the CFO of the Managers.
Whether appointment is executive, and if so, the area of responsibility Executive. Mr Chua is responsible for the financial, accounting, taxation and treasury functions of OUE Hospitality Trust ("OUE H-Trust"). Mr Chua is also responsible for evaluating investment opportunities, fund raising activities, investor relations, risk management and compliance matters.

(The REIT Manager has submitted the notification to the Monetary Authority of Singapore ("MAS") of Mr Chua's appointment as an Appointed Representative under the Securities and Futures Act, Chapter 289 of Singapore. Mr Chua's appointment is subject to, and pending, clearance by MAS.)
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Financial Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Conflict of interests (including any competing business) Nil
Working experience and occupation(s) during the past 10 years From May 2013 to October 2018
Chief Financial Officer, Keppel Infrastructure Fund Management Pte. Ltd. (trustee-manager of Keppel Infrastructure Trust)

From April 2011 to May 2013
Financial Controller, Keppel REIT Management Limited (manager of Keppel REIT)

From September 2009 to April 2011
Chief Financial Officer, Mary Chia Holdings Limited

From November 2007 to July 2009
Vice President, Finance, The Ascott Group Limited
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) No
Shareholding interest in the listed issuer and its subsidiaries? No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) Please see Annexure A attached.
Present OUE H-T Treasury Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(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
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 N.A.

Attachments

  1. Annexure A (Size: 9,596 bytes)