Eagle Hospitality Trust announced cessation of Carl Gabriel Florian Stubbe as Independent Director, Chairman of Nominating and Remuneration Committee and Chairman of the Special Committee. The reason for cessation is not re-elected as a Director of the Managers by the shareholder of the Managers, Mandarin West Holdings, LLC (which is indirectly owned by Mr. Howard Wu and Mr. Taylor Woods) pursuant to the annual general meeting of the Managers deemed to be held on 28 August 2020. Mr. Carl Gabriel Florian Stubbe had offered himself for re-election as a Director of the Managers and was willing and desired to continue in his role as an Independent Director of the Managers, the Chairman of the Nominating and Remuneration Committee and the Chairman of the Special Committee. Further, the Boards of the Managers and DBS Trustee, the Trustee of Eagle Hospitality Real Estate Investment Trust, had approved his nomination as Chairman of the upcoming Annual General Meeting of Eagle Hospitality Trust which is to be held on 31 August 2020. However, on 28 August he was notified that he was not re-elected as a Director of the Managers by the shareholder of the Managers, Mandarin West Holdings, LLC (which is indirectly owned by Mr. Howard Wu and Mr. Taylor Woods). Mr. Carl Gabriel Florian Stubbe laments the decision by Mandarin West Holdings, LLC and feels strongly that it is to the detriment of stapled security holders.