News
Change - Announcement Of Retirement Of Independent Non-Executive Director
BackDec 30, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 30, 2025 17:58 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director |
| Announcement Reference | SG251230OTHRSU9B |
| Submitted By (Co./ Ind. Name) | Chong Kee Hiong |
| Designation | Director |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr. Chan Pee Teck Peter as Independent Non-Executive Director |
| Additional Details | |
| Name of person | Chan Pee Teck Peter |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 31/12/2025 |
| Detailed reason(s) for cessation | The Board of ESR Trust Management (Suntec) Limited wishes to announce that Mr. Chan Pee Teck Peter ("Mr. Chan") will retire as Independent Non-Executive Director, effective 31 December 2025. Pursuant to Rule 210(5)(d)(iv) of the SGX Mainboard Listing Rules, an independent director who has served on the Board for an aggregate period of nine years or more is no longer eligible to be designated as independent. Mr. Chan has served as an Independent Non-Executive Director since 1 January 2017 and will reach his nine-year tenure limit on 31 December 2025. Accordingly, he will cease to be considered independent. The Board expresses its deep gratitude and appreciation to Mr. Chan for his invaluable contributions to the Manager and Suntec REIT during his 9 years of dedicated service. |
| 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 | 01/01/2017 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director |
| Role and responsibilities | Independent Non-Executive Director |
| 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 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 3 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorships Past (for the last 5 years) |
Please refer to Annexure A |
| Present | Please refer to Annexure A |
Attachments
- Annexure A (Size: 213,493 bytes)
