Change - Announcement of Cessation :: Retirement of Independent Director
BackMay 15, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 15, 2024 23:09 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG240515OTHRZM7R |
| 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 Cheong Tuck Yan Titus Jim as Independent Director. |
| Additional Details | |
| Name Of Person | Cheong Tuck Yan Titus Jim |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/05/2024 |
| Detailed Reason (s) for cessation | The Company would like to announce the retirement of Mr Cheong Tuck Yan Titus Jim ("Mr Cheong") as a Director of the Company with effect from the conclusion of the Annual General Meeting ("AGM") held on 14 May 2024 as Resolution 2 relating to the re-election of Mr Cheong was not passed by Shareholders at the AGM. |
| 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 | 01/12/2021 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| 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 and Risk Committee, Member of the Nominating Committee and Remuneration Committee |
| Role and responsibilities | Independent Director, Chairman of the Audit and Risk Committee, Member of the Nominating Committee and 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) | N.A. |
| Present | Mercy Relief Limited (resignation submitted on 27 March 2024, pending acceptance) |