| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | May 21, 2021 19:47 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Executive Officer |
| Announcement Reference | SG210521OTHRY1PQ |
| 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) | Appointment of Ms Tan Hong Lye, Cecilia as the Chief Executive Officer of the Company with effect from 1 August 2021. |
| Additional Details | |
| Date Of Appointment | 01/08/2021 |
| Name Of Person | Tan Hong Lye, Cecilia |
| Age | 51 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | As part of the sucession planning for key management personnel, the Board, taking into consideration the credentials, experience, and qualifications of Ms Tan Hong Lye, Cecilia, and at the recommendation of the Nominating and Remuneration Committee, approved Ms Tan Hong Lye, Cecilia's appointment as new Chief Executive Officer. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive in nature. Ms Cecilia Tan will be responsible for working with the Board to determine the strategy for Sasseur REIT. She will work with other members of the management team to execute the Board's strategy for Sasseur REIT. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Exeuctive Officer |
| Professional qualifications | Ms Tan holds a Master of Applied Finance from Macquarie University, Australia. She graduated with a Second Upper Class Honours Degree in Business Administration from the National University of Singapore. |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | 2019 - Present: Senior Strategic Adviser to Chairman of Sasseur Group As a commitment to devote her time as the CEO of the Manager, Ms Tan will relinquish her current role as the Senior Strategic Adviser to Mr Vito Xu in his capacity as Chairman of Sasseur Group prior to assuming this new appointment. 2017 - 2018: Principal Consultant, AEP Investment Management Pte Ltd 2014 - 2015: Chief Executive Officer & Executive Director, Celestine Management Pte Ltd 2009 - 2013: Chief Financial Officer / Chief Operating Officer, KOP Group Pte Ltd |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Ms Tan is holding 18,000 units in Sasseur REIT, jointly with her spouse. |
| # 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) | Sasseur Super Outlet Development Pte. Ltd. |
| Present | Roxy-Pacific Holdings Limited |
| (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 an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Not applicable. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not applicable. |