News
Change - Announcement Of Cessation Of Lead Independent Non-Executive Director - Mr Tan Ser Ping
BackFeb 10, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 10, 2026 18:28 |
| Status | New |
| Announcement Sub Title | Cessation of Lead Independent Non-Executive Director - Mr Tan Ser Ping |
| Announcement Reference | SG260210OTHRJROS |
| Submitted By (Co./ Ind. Name) | Yutaka Torigoe |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Tan Ser Ping as Lead Independent Non-Executive Director. Merrill Lynch (Singapore) Pte. Ltd. and UBS AG, Singapore Branch were the joint issue managers. Merrill Lynch (Singapore) Pte. Ltd., UBS AG, Singapore Branch, Mizuho Securities (Singapore) Pte. Ltd., Citigroup Global Markets Singapore Pte. Ltd. and DBS Bank Ltd were the joint bookrunners and underwriters for the initial public offering of Units in NTT DC REIT. |
| Additional Details | |
| Name of person | Tan Ser Ping |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 27/07/2026 |
| Detailed reason(s) for cessation | Mr Tan is resigning as a Lead Independent Non-Executive Director due to he being unable to meet the high level of time commitment required of the role. The Board would like to take this opportunity to record their heartfelt appreciation and thanks to Mr Tan for his valuable contributions and wish him all the best in his future endeavours. |
| 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 | 19/06/2025 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | i. Lead Independent Non-Executive Director ii. Chairman of Nominating and Remuneration Committee iii. Member of Audit and Risk Committee |
| Role and responsibilities | Carry out the responsibilities of the Lead Independent Non-Executive Director, the Chairman of Nominating and Remuneration Committee and the Member of the Audit and Risk Committee. |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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) |
i. Business China ii. GLP REIT Management Pte. Ltd. |
| Present | NIL |
