News
Change - Announcement Of Cessation Of Independent Director
BackApr 02, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 2, 2026 17:30 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Director |
| Announcement Reference | SG260402OTHR8UCZ |
| Submitted By (Co./ Ind. Name) | Victor Tan Kok Mian |
| Designation | Executive Director and CEO, First REIT Management Limited (as manager of First REIT) |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Tan Chuan Lye as Independent Non-Executive Director of First REIT Management Limited (the "Manager"). Following his cessation, Mr Tan Chuan Lye will also cease to serve as a member of the Audit and Risk Committee (the "ARC") and the Nominating and Remuneration Committee (the "NRC"). |
| Additional Details | |
| Name of person | Tan Chuan Lye |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 05/04/2026 |
| Detailed reason(s) for cessation | Mr Tan Chuan Lye will be retiring from the board of Directors of the Manager (the "Board") with effect from 5 April 2026 in view of the 9-year tenure limit for independent directors. |
| 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 | 05/04/2017 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, member of the ARC and member of the NRC |
| Role and responsibilities | As above |
| 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) | 2 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorships Past (for the last 5 years) |
1. All Saints Home 2. Isetan (Singapore) Limited 3. Singapore Repertory Theatre 4. Member of Audit Committee, Agency for Science, Technology and Research |
| Present | Directorships: 1. Berjaya Sompo Insurance Berhad 2. Heeton Holdings Limited 3. Kingsmen Creative Limited 4. Meranti Power Pte. Ltd. 5. QAF Limited 6. Science Centre Board 7. Sompo Insurance Singapore Pte. Ltd. 8. Synapxe Pte. Ltd. Other principal commitments: 1. Chairman of the Board of Trustees, The Brash Trust 2. Member of the Asia Advisory Board, EFG Bank AG 3. Member of the Advisory Committee, Crescent Girl's School 4. Member of Governance and Audit Committee, Singapore Heart Foundation |
