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Change - Announcement Of Retirement Of Lead Independent Non-Executive Director At Annual General Meeting

BackMar 29, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Mar 29, 2021 17:39
Status New
Announcement Sub Title Retirement of Lead Independent Non-Executive Director at Annual General Meeting
Announcement Reference SG210329OTHRY2T1
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 Mr Tan Tow Ee as the Lead Independent Non-Executive Director at Annual General Meeting
Additional Details
Name Of Person Tan Tow Ee
Age 58
Is effective date of cessation known? Yes
If yes, please provide the date 29/03/2021
Detailed Reason (s) for cessation Mr Tan Tow Ee 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 29 March 2021 and did not seek for re-election as part of the Board renewal process. Accordingly, he retired as the Lead Independent Non-Executive Director, Chairman of the Audit Committee, member of the Nominating Committee and Risk Management Committee at the conclusion of the AGM.
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 01/05/2002
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 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Lead Independent Non-Executive Director
Chairman of Audit Committee
Member of Nominating Committee
Member of Risk Management Committee
Role and responsibilities Duties as Chairman or member of the Board Committees on which he served
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Not Applicable
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 50,000 shares
Past (for the last 5 years) Nil
Present Nil