Change - Announcement of Cessation :: Retirement of Independent Non-Executive Director
BackApr 30, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 30, 2024 20:25 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director |
| Announcement Reference | SG240430OTHR2GEV |
| Submitted By (Co./ Ind. Name) | Ivan Yiu Pang Fai |
| Designation | Group CEO |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Joseph Wong Wai Leung ("Mr Wong") as Independent Non-Executive Director. |
| Additional Details | |
| Name Of Person | Joseph Wong Wai Leung |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/05/2024 |
| Detailed Reason (s) for cessation | Mr Wong has served on the Board of Directors (the "Board") for more than nine years since his appointment as Director of the Company on 23 September 2014. As part of the board renewal process, Mr Wong has indicated to the Board of Directors that he will not be seeking for re-election at the forthcoming annual general meeting to be held on 14 May 2024 ("AGM"). He will accordingly retire as an Independent Non-Executive Director of the Company upon conclusion of the AGM and will cease as member of the Audit and Risk Committee and Remuneration Committee of the Company at the conclusion of the upcoming AGM. The Company is in the process of identifying candidates for an independent director and the relevant announcement shall be released to public via SGXNet when the appointment is finalised. |
| 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 | 23/09/2014 |
| 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 Non-Executive Director, Member of the Audit and Risk Committee, Member of the Remuneration Committee |
| Role and responsibilities | Independent Non-Executive Director, Member of the Audit and Risk Committee, 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 | No. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Goldin Financial Holdings Limited |
| Present | Fulum Group Holdings Limited |