| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 17, 2023 17:22 |
| Status | New |
| Announcement Sub Title | Redesignation of Non-Executive Non-Independent Director to Independent Director - Ms Gouw Vi Ven |
| Announcement Reference | SG230317OTHRZ9NX |
| Submitted By (Co./ Ind. Name) | Liew Chee Seng James |
| Designation | Executive Director and CEO, LMIRT Management Ltd. (as manager of Lippo Malls Indonesia Retail Trust) |
| Description (Please provide a detailed description of the event in the box below) | Redesignation of Non-Executive Non-Independent Director to Independent Director and appointment as member of the Audit and Remuneration Committee ("ARC") |
| Additional Details | |
| Date Of Appointment | 31/03/2023 |
| Name Of Person | Gouw Vi Ven |
| Age | 67 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board, with the recommendation from the Nominating and Remuneration Committee (the "NRC"), had reviewed and is satisfied that none of the relationships and circumstances under the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST Listing Manual"), Code of Corporate Governance 2018 and Regulations 13D to 13H of the Securities and Futures (Licensing and Conduct of Business) Regulations existed for Ms Gouw Vi Ven and has therefore approved Ms Gouw Vi Ven's redesignation from Non-Executive Non-Independent Director to Independent Director and her appointment as member of the Audit and Risk Committee. The Board and the NRC are therefore of the view that Ms Gouw Vi Ven will be able to exercise independent judgement in the discharge of her duties and responsibilities as an Independent Director and act in the best interests of all the unitholders of LMIR Trust. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director and member of the ARC |
| Professional qualifications | Nil |
| 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 | April 2017 to Present PT Prudential Life Assurance Executive Agency Director April 2013 to March 2017 LMIRT Management Ltd Executive Director November 2007 to April 2013 LMIRT Management Ltd Executive Director and Chief Executive Officer October 2018 to May 2019 LMIRT Management Ltd Chief Executive Officer October 2018 to December 2019 LMIRT Management Ltd Executive Director December 2019 to 31 March 2023 LMIRT Management Ltd Non-Executive Non-Independent Director |
| 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) | Nil |
| Present | PT Pru Viva PT Mutiara Prima Consuvindo |
| (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 | Director of LMIRT Management Ltd., the Manager of LMIR Trust |
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