Change - Announcement Of Retirement Of Independent Director
BackAug 14, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 14, 2025 17:52 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG250814OTHR548W |
| Submitted By (Co./ Ind. Name) | Yeo Hui Leng |
| Designation | Company Secretary and Group General Counsel |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation of Independent Director |
| Additional Details | |
| Name Of Person | Lee Suan Hiang |
| Age | 75 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/08/2025 |
| Detailed Reason (s) for cessation | Mr Lee Suan Hiang will be due for retirement by rotation at the next Annual General Meeting and will have served on the Board for an aggregate period of 9 years by 7 November 2026. He will retire and cease to be the Independent Director, Chairman of the Nominating Committee, member of the Audit Committee and member of the Remuneration Committee of the Company to facilitate renewal of the Board. |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Nominating Committee, member of the Audit Committee and member of the Remuneration Committee. |
| Role and responsibilities | Responsibilities as Independent Director, Chairman of the Nominating Committee, member of the Audit Committee and member of the Remuneration Committee. |
| 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) | 1) Viking Offshore and Marine Limited 2) Singapore Institute of Directors 3) Pasir Ris Resort Pte Ltd 4) Orchid Leisure Enterprise Pte Ltd 5) Perennial Real Estate Holdings Limited 6) United Engineers Limited 7) CITIC Envirotech Ltd. 8) Anacle Systems Limited |
| Present | 1) The Rice Company Limited 2) Leader Environmental Technologies Limited 3) LASALLE College of the Arts Limited 4) Global Business Advisers Pte Ltd 5) The Singapore Lyric Opera Limited 6) Global Cultural Alliance Limited 7) Catholic Foundation Limited 8) Singapore Ballet Limited 9) MindChamps PreSchool Limited |