| 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 |