News

Change - Announcement Of Appointment Of Non-Independent Non-Executive Director

BackJan 15, 2020
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jan 15, 2020 18:36
Status New
Announcement Sub Title Appointment of Non-Independent Non-Executive Director
Announcement Reference SG200115OTHRGE7D
Submitted By (Co./ Ind. Name) ARA Trust Management (USH) Pte. Ltd. / Ling Hong Liang
Designation Finance Director
Description (Please provide a detailed description of the event in the box below) Appointment of Non-Independent Non-Executive Director

DBS Bank Ltd. is the Sole Issue Manager for the initial public offering of the stapled securities in ARA US Hospitality Trust (the Offering ). DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited are the Joint Financial Advisers and Joint Global Coordinators for the Offering. DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited and Credit Suisse (Singapore) Limited are the Joint Bookrunners and Underwriters for the Offering.
Additional Details
Date Of Appointment 15/01/2020
Name Of Person Lin Daqi
Age 37
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Having reviewed Mr Lin Daqi's work experience and qualifications, the Board is of the view that Mr Lin Daqi's appointment as a Non-Independent Non-Executive Director of the Manager would strengthen the Board's capability and add to its diverse breadth of industry expertise, knowledge and experience.
Whether appointment is executive, and if so, the area of responsibility No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Independent Non-Executive Director
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 November 2017 to Present
Haiyi Holdings Pte Ltd
Investment Manager, Investment

March 2017 to October 2017
DBS Bank Ltd
Vice President, Strategic Advisory

March 2015 to February 2017
DBS Bank Ltd
Assistant Vice President, Strategic Advisory

July 2013 to February 2015
DBS Bank Ltd
Senior Associate, Strategic Advisory

March 2012 to June 2013
DBS Bank Ltd
Associate, Mergers & Acquisitions

July 2010 to February 2012
DBS Bank Ltd
Analyst, Mergers & Acquisitions

July 2009 to June 2010
Citigroup Global Markets
Banking Trainee, Equity Research

February 2009 to June 2009
SP Services Limited
Analyst
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) Sing-Haiyi Huntsville Pte. Ltd.
Sing-Haiyi Stargazer Pte. Ltd.
Sing-Haiyi Tulip Pte. Ltd.
Sing-Haiyi Granville Pte. Ltd.
Shantou International Container Terminals Limited
Present Sailing Starlight Pte Ltd
Ariva Pte Ltd
Ariva Hospitality Pte Ltd
CJ Hospitality Pte Ltd
AAHF JV Company Limited
(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 the relevant training for Mr Lin Daqi to attend and further update his knowledge on the roles and responsibilities of a director of a listed issuer.