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News
Change - Announcement Of Retirement Of Independent Non-Executive Director At Annual General Meeting
BackApr 03, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 3, 2025 17:56 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director at Annual General Meeting |
| Announcement Reference | SG250403OTHRBP6T |
| Submitted By (Co./ Ind. Name) | Yap Kok Cheng |
| Designation | Executive Chairman & CEO |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Dr Ling Kai Huat as an Independent Non-Executive Director at Annual General Meeting |
| Additional Details | |
| Name Of Person | Ling Kai Huat |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 03/04/2025 |
| Detailed Reason (s) for cessation | Dr Ling Kai Huat ("Dr Ling") has served on the Board beyond nine years from the date of his first appointment. In compliance with amended Listing Rule 210(5)(d)(iv), which imposed a hard tenure limit for independent directors of nine years, beyond which such directors will no longer be considered independent, Dr Ling retired after the conclusion of the Annual General Meeting. |
| 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 | 01/08/2015 |
| 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 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director Chairman of Remuneration Committee Member of Nominating Committee Member of Audit & Risk Management Committee |
| Role and responsibilities | Duties as an Independent Non-Executive Director, Chairman and member of the Board Committees on which he has served. |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Nil |
