| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 27, 2019 17:55 |
| Status | New |
| Announcement Sub Title | Appointment of Executive Director |
| Announcement Reference | SG191227OTHR3DBG |
| Submitted By (Co./ Ind. Name) | Tan Lay Hong |
| Designation | Company Secretary, LMIRT Management Ltd. (as manager of Lippo Malls Indonesia Retail Trust) |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Liew Chee Seng James as Executive Director |
| Additional Details | |
| Date Of Appointment | 31/12/2019 |
| Name Of Person | Liew Chee Seng James |
| Age | 48 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, in consultation with Nominating and Remuneration Committee, has approved the appointment of Mr Liew Chee Seng James as Executive Director, with effect from 31 December 2019, following the redesignation of Ms Gouw Vi Ven from Executive Director to Non-Executive Non-Independent Director. Mr Liew was appointed as the Deputy Chief Executive Officer ("CEO") in October 2018 and subsequently the CEO following the cessation of Ms Gouw as CEO on 1 May 2019. The Board believes that Mr Liew will be able to effectively assume the new role as Executive Director of LMIRT Management Ltd., as Manager of Lippo Malls Indonesia Retail Trust ("LMIR Trust"). Mr Liew remains as the CEO of the Manager. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive in nature. Mr James Liew will be working with the Board to determine and execute the Board's strategy for LMIR Trust. He will be assuming full responsibility over operational decisions concerning the management of LMIR Trust. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and CEO |
| Professional qualifications | Masters in Business Administration (Strategic Management) and Bachelor of Business, Banking and Finance (First Class Honours) from the Nanyang Technological University |
| 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 | May 2019 to present LMIRT Management Ltd., as Manager of LMIR Trust CEO October 2018 to April 2019 LMIRT Management Ltd., as Manager of LMIR Trust Deputy CEO June 2018 to October 2018 LMIRT Management Ltd., as Manager of LMIR Trust Chief Operating Officer September 2015 to May 2018 Lippo Group, Indonesia Senior Director, Corporate Finance and Asset Enhancement |
| 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) | September 2015 to May 2018 Lippo Group, Indonesia Senior Director, Corporate Finance and Asset Enhancement July 2007 to May 2015 Raiffeisen Bank International AG Singapore Branch Deputy Head, Strategic Business Development - Corporate Banking and Head of Investment Book |
| Present | Director of LMIR Trust's group of subsidiaries |
| (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? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | The Manager will arrange for Mr Liew to attend the mandatory training organized by the Singapore Institute of Directors within one year from his date of appointment. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | N.A. |
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