| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 27, 2024 17:59 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director at Annual General Meeting |
| Announcement Reference | SG240327OTHRLTHF |
| 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 Sharon Yeoh Kar Choo as an Independent Non-Executive Director at Annual General Meeting. |
| Additional Details | |
| Name Of Person | Sharon Yeoh Kar Choo |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/03/2024 |
| Detailed Reason (s) for cessation | Ms Sharon Yeoh Kar Choo ("Ms Sharon Yeoh") has served on the Board beyond nine years from the date of her first appointment. In compliance with the 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, Ms Sharon Yeoh 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 | 17/09/2011 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director Chairman of Nominating Committee Member of Audit and Risk Management Committee Member of Remuneration Committee |
| Role and responsibilities | Duties as an Independent Non-Executive Director, Chairman and member of the Board Committees on which she has 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Nil |