Change - Announcement Of Cessation Of Independent Director
BackApr 14, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 14, 2023 0:42 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Independent Director |
| Announcement Reference | SG230414OTHRGZHX |
| Submitted By (Co./ Ind. Name) | Yeo Hui Leng |
| Designation | Group General Counsel and Company Secretary |
| Effective Date and Time of the event | 28/04/2023 12:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Independent Director |
| Additional Details | |
| Name Of Person | Phua Chin Chor |
| Age | 68 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2023 |
| Detailed Reason (s) for cessation | As part of the Board renewal process, Mr Phua Chin Chor ("Mr Phua"), having served on the Board for around 5.5 years since the listing of the Company on 8 November 2017, will not be seeking re-election and will be retiring from the Board at the conclusion of the Annual General Meeting of the Company to be held on 28 April 2023. Mr Phua will concurrently relinquish his roles as Chairman of the Audit Committee, member of the Remuneration Committee and member of the Nominating Committee of the Company. |
| 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 | 08/11/2017 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Audit Committee, member of the Remuneration Committee and member of the Nominating Committee of the Company |
| Role and responsibilities | Responsibilities as Independent Director, Chairman of the Audit Committee, member of the Remuneration Committee and member of the Nominating Committee of the Company |
| 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 |