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Change - Announcement Of Retirement Of An Independent Director
BackOct 30, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 30, 2019 17:15 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF AN INDEPENDENT DIRECTOR |
| Announcement Reference | SG191030OTHRTVID |
| Submitted By (Co./ Ind. Name) | Dato' Dr Choo Yeow Ming |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Ng Joo Khin. Telephone number: 6389 3000. Email: jookhin.ng@morganlewis.com |
| Additional Details | |
| Name Of Person | Yap Siean Sin |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/10/2019 |
| Detailed Reason (s) for cessation | Mr Yap Siean Sin ("Mr Yap") has been with the Company for more than 9 years since his appointment as an Independent Director of the Company. Mr Yap has decided to step down to facilitate Board renewal in the Company and also to devote more time and attention to his other work commitments. Mr Yap has retired as Director at the conclusion of the Company's Annual General Meeting held on 30 October 2019 and concurrently ceased to be the Chairman of the Audit Committee and Member of Remuneration Committee. |
| 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 | 05/06/2007 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee. |
| Role and responsibilities | Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | None |
| Present | JCG Investment Holdings Ltd Spring Rise Pte Ltd Cavacole (S) Pte Ltd Cosmos Gateway Sdn. Bhd. Snap Innovations Sdn. Bhd. Pacific Coast Pte. Ltd. Huizhou Energy Sdn. Bhd. WTE Holdings Pte. Ltd. Indusplex Sdn. Bhd. Spring Malaysia (MM2H) Sdn. Bhd. Timur Baiduri Sdn. Bhd. Arealink Corporation Sdn. Bhd. Seni Rancang (M) Sdn. Bhd. Moi Siean Holdings Sdn. Bhd Jururancang YSS (Sole Proprietorship) Arkitek Seni Perundung. (Sole Proprietorship) |