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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 8, 2025 8:14 |
| Status | New |
| Announcement Sub Title | Resignation of Chairman of the Board |
| Announcement Reference | SG250108OTHRUTWG |
| Submitted By (Co./ Ind. Name) | Goh Xun Er |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Chairman of the Board. |
| Additional Details | |
| Name Of Person | Dato' Dr. Teo Tong Kooi |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/01/2025 |
| Detailed Reason (s) for cessation | Dato' Dr. Teo informed that he wished to step down as Chairman of the Board to focus on other commitments. The Board records its appreciation for Dato' Dr. Teo's contributions and leadership in his tenure as Chairman. Dato' Dr. Teo will remain as an Independent Director, Chairman of the Nominating Committee and the Remuneration Committee as well as a member of the Audit and Risk 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 | 23/05/2024 |
| 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) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 8 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director Chairman of the Nominating Committee Chairman of the Remuneration Committee Member of the Audit and Risk Committee |
| Role and responsibilities | Independent Director of the Company |
| 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) | February 2023 to present: Independent Director - UOB Kay Hian Securities (M) Sdn Bhd July 2019 to present: Independent Director - China Automotive Systems, Inc. |
| Present | February 2023 to present: Independent Director - UOB Kay Hian Securities (M) Sdn Bhd July 2019 to present: Independent Director - China Automotive Systems, Inc. |