Annual Report

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 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:
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
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