| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 21, 2021 19:46 |
| Status | New |
| Announcement Sub Title | Retirement of Chief Executive Officer |
| Announcement Reference | SG210521OTHRH7Q3 |
| Submitted By (Co./ Ind. Name) | Anthony Ang Meng Huat |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Anthony Ang as the Chief Executive Officer of the Company with effect from 31 July 2021. |
| Additional Details | |
| Name Of Person | Anthony Ang Meng Huat |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/07/2021 |
| Detailed Reason (s) for cessation | Mr Anthony Ang is retiring and stepping down from his position as the Chief Executive Officer of the Company with effect from 31 July 2021. |
| 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 | 15/03/2017 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Role and responsibilities | Executive. He is responsible for working with the Board to determine the strategy for Sasseur REIT and work with other members of the Management team to execute the Board's strategy for Sasseur REIT. |
| 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 | Mr Anthony Ang has a direct interest of 420,000 Units in Sasseur REIT and a deemed interest of 80,000 Units in Sasseur REIT held by his spouse. |
| Past (for the last 5 years) | Nil |
| Present | 1) Imperiale Investment Company Limited 2) Yong Tai Berhad 3) Heatec Jietong Holdings Ltd 4) Sasseur Bishan HK Limited 5) Sasseur Hefei HK Limited 6) Sasseur Jinan HK Limited 7) Hong Sun Group Development Limited 8) Sasseur Singapore Holdings Pte Ltd 9) Sasseur Bishan (BVI) Limited 10) Sasseur Hefei Limited 11) Sasseur Jinan Limited |