| ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER DESIGNATE |
| * Asterisks denote mandatory information |
| Name of Announcer * | PERENNIAL CHINA RETAIL TRUST | | Company Registration No. | 201024622Z | | Announcement submitted on behalf of | PERENNIAL CHINA RETAIL TRUST | | Announcement is submitted with respect to * | PERENNIAL CHINA RETAIL TRUST | | Announcement is submitted by * | Sim Ai Hua | | Designation * | Company Secretary | | Date & Time of Broadcast | 15-Mar-2014 15:31:05 | | Announcement No. | 00008 |
| The details of the announcement start here ... |
| Date of Appointment * | 15/03/2014 | | Name of person * | Koh Ming Chye | | Age * | 42 | | Country of principal residence * | China | | The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Board of Directors of the Trustee-Manager (the Board) is of the opinion, after considering, inter alia, Mr Koh Ming Chyes more than 12 years of retail real estate experience, particularly in China, his current appointment as Deputy Chief Executive Officer, Retail Management (China) of Perennial (Shanghai) Retail Management Co., Ltd. and his involvement in the management of PCRTs property portfolio since PCRTs initial public offering on 9 June 2011, as well as his prior appointments in China at CapitaLand Retail Limited, that Mr Koh Ming Chye is suitable to perform his role as the Chief Executive Officer Designate of the Trustee-Manager. After making all reasonable enquiries, and to the best of their knowledge and belief, nothing has come to the attention of the Board to cause them to believe that Mr Koh Ming Chye does not have the competence, character and integrity expected of a Chief Executive Officer Designate of the Trustee-Manager of a listed business trust. | | Whether appointment is executive, and if so, the area of responsibility * | The appointment is an executive appointment. Mr Koh will work with the Board to determine the strategy for PCRT. He will also work with the other members of the Trustee-Managers management team in meeting the strategic, investment, and operational objectives of PCRT. Additionally, he will be responsible for planning the strategic development and the day-to-day operations of PCRT. | | Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer Designate | | Working experience and occupation(s) during the past 10 years * | Perennial Real Estate Holdings Pte. Ltd.
1 July 2013 to Present
Deputy Chief Executive Officer (Retail Management), China
Perennial (Shanghai) Retail Management Co., Ltd.
June 2011 to 30 June 2013
Chief Operating Officer
Perennial (Shanghai) Retail Management Co., Ltd.
Perennial Real Estate Pte. Ltd.
March 2009 to June 2011
DLF International Holdings Pte. Ltd. (Secondment)
Chief Operating Officer (Retail Business)
CapitaLand Retail Limited
December 2008 to February 2009
Regional General Manager (West China)
June 2007 to November 2008
General Manager (North China)
January 2006 to June 2007
Regional Centre Manager (West China)
December 2004 to December 2005
Centre Manager (Chongqing)
| | Interest * in the listed issuer and its subsidiaries * | Yes. | | Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil | | Conflict of interests (including any competing business) * | Nil |
| # 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) | Perennial Xian Development 1 Pte. Ltd.
Perennial Xian Development 2 Pte. Ltd.
| | Present | Perennial Tongzhou Development 1 Pte. Ltd.
Perennial Tongzhou Development 4 Pte. Ltd.
Perennial Foshan Retail Co., Ltd
Perennial (Chengdu) Industries Co., Ltd
Perennial (Shanghai) Retail Management Co., Ltd
Chengdu Ruifeng Real Estate Development Co., Ltd
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| >> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H) |
| Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. |
| (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
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| >> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I) |
| Disclosure applicable to the appointment of Director only. |
| Any prior experience as a director of a listed company? | | | |
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