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Jun 05, 2023

Change - Announcement Of Re-Designation Of Non-Executive & Independent Director To Non-Executive & Non-Independent Director

Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jun 5, 2023 23:03
Status New
Announcement Sub Title Re-designation of Non-Executive & Independent Director to Non-Executive & Non-Independent Director
Announcement Reference SG230605OTHR13Y5
Submitted By (Co./ Ind. Name) Catherine Yeo
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Re-designation of Dr David Wong See Hong from Non-Executive and Independent Director of Frasers Hospitality Asset Management Pte. Ltd. ("FHAM"), the manager of Frasers Hospitality Real Estate Investment Trust, and Frasers Hospitality Trust Management Pte. Ltd. ("FHTM"), the trustee-manager of Frasers Hospitality Business Trust (collectively, the "Managers"), to Non-Executive and Non-Independent Director of each of the Managers with effect from 10 June 2023.
Additional Details
Date Of Appointment 10/06/2023
Name Of Person David Wong See Hong
Age 69
Country Of Principal Residence Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) Dr Wong is re-designated from Non-Executive and Independent Director to Non-Executive and Non-Independent Director of each of the Managers with effect from 10 June 2023 as he would have served as an Independent Director of each of the Managers for nine years as of 9 June 2023 and will therefore cease to be an independent director of FHAM under the Securities and Futures (Licensing and Conduct of Business) Regulations.

Following his re-designation, Dr Wong will remain as a member of the Audit, Risk and Compliance Committee ("ARCC") and the Nominating and Remuneration Committee ("NRC") of each of the Managers.

The Board believes that the re-designation and continued appointment of Dr Wong would provide the continuity of knowledge and guidance to the Board and the management of the Managers.
Whether appointment is executive, and if so, the area of responsibility Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive and Non-Independent Director, member of the ARCC and member of the NRC
Professional qualifications - Bachelor of Business Administration, University of Singapore
- Master of Science in Investment Management, Hong Kong University of Science and Technology
- Doctor in Transformational Leadership, Bethel Bible Seminary, Hong Kong
- Financial Industry Certified Professional, Institute of Banking and Finance, 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 Nil
Conflict of interests (including any competing business) Nil
Working experience and occupation(s) during the past 10 years From 2008 to 2013:
- Deputy Chief Executive, Bank of China (Hong Kong) Group
- Director, BOC Group Life Assurance Company Limited
- Chairman, BOC International-Prudential Trustee 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)) Yes
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) 1. Director, HDR Global Trading Limited
2. Director, Tahoe Life Assurance Company Limited
3. Director, EKPAC International Group (Holdings) Limited
Present 1. Director, China Merchants Bank Co., Ltd
2. Director, EC World Asset Management Pte Ltd, manager of EC World REIT
3. Chairman, Halftime Hong Kong Limited
4. Finance Management Committee Member, Hong Kong Management Association
(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 Dr Wong is a director of (a) each of FHAM and FHTM, and (b) EC World Asset Management Pte. Ltd., manager of EC World REIT.

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