Jan 13, 2023

Change - Announcement Of Cessation Of Appointment As Chief Financial Officer

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 13, 2023 18:30
Status New
Announcement Sub Title Announcement of Cessation of Appointment as Chief Financial Officer
Announcement Reference SG230113OTHR2RPT
Submitted By (Co./ Ind. Name) Catherine Yeo
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Cessation of Appointment as Chief Financial Officer
Additional Details
Name Of Person Eric Gan Chee Teik
Age 51
Is effective date of cessation known? Yes
If yes, please provide the date 01/02/2023
Detailed Reason (s) for cessation Mr Eric Gan Chee Teik will be stepping down as the Chief Financial Officer of Frasers Hospitality Asset Management Pte. Ltd. and Frasers Hospitality Trust Management Pte. Ltd., the manager of Frasers Hospitality Real Estate Investment Trust ("FH-REIT") and the trustee-manager of Frasers Hospitality Business Trust ("FH-BT") respectively (collectively, the "Managers"), as part of succession planning and leadership renewal. Mr Gan will be assuming the role of Chief Executive Officer of the Managers with effect from 1 February 2023.

Please refer to the attached press release for more information.
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 28/01/2019
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 As the Chief Financial Officer of the Managers, Mr Gan is responsible for the financial and capital management of Frasers Hospitality Trust, FH-REIT and FH-BT.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 548,565 stapled securities in FHT

Mr Gan holds 904,835 awards under the FHAM/FHTM Restricted Stapled Securities Plan, pursuant to which up to 1,077,635 stapled securities in FHT may be vested or delivered.
Past (for the last 5 years) Please see Attachment 1
Present Please see Attachment 1
Attachment 1

13 Jan 2023 | PDF 175,785 kb

Joint Press Release

13 Jan 2023 | PDF 143,883 kb

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