| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 30, 2022 18:42 |
| Status | New |
| Announcement Sub Title | Retirement of Executive Director at Annual General Meeting |
| Announcement Reference | SG220330OTHR0E4Q |
| Submitted By (Co./ Ind. Name) | Kenny Yap Kim Lee |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Ms Lai Chin Yee as an Executive Director at Annual General Meeting |
| Additional Details | |
| Name Of Person | Lai Chin Yee |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/03/2022 |
| Detailed Reason (s) for cessation | Ms Lai Chin Yee is subjected to retirement by rotation pursuant to Regulation 91 of the Company's Constitution at the Company's Annual General Meeting ("AGM") held on 30 March 2022 and did not seek for re-election as part of the Board renewal process. Accordingly, she retired as an Executive Director of the Company at the conclusion of the AGM. She will remain as the Finance Director and continue to oversee the Group's financial & sustainability reporting, treasury, corporate governance and other finance related functions. |
| 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 | 01/11/2004 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Finance Director |
| Role and responsibilities | Oversees the Group's financial & sustainability reporting, treasury, corporate governance and other finance related functions. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 80,350 shares |
| Past (for the last 5 years) | Ryobi Kiso Holdings Ltd |
| Present | Micro-Mechanics (Holdings) Limited Singapore Paincare Holdings Limited |