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Change - Announcement Of Resignation Of Non-Executive Independent Director
BackMar 01, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 1, 2024 23:41 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Independent Director |
| Announcement Reference | SG240301OTHRVIPH |
| Submitted By (Co./ Ind. Name) | Cheong Weixiong |
| Designation | Executive Director and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This Announcement has been reviewed by the Company's Sponsor, Evolve Capital Advisory Pte. Ltd. (the "Sponsor" ). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange" ) and the Exchange assumes no responsibility for the contents of this Announcement, including the correctness of any of the statements or opinions made or reports contained in this Announcement. The contact person for the Sponsor is Mr. Jerry Chua - Registered Professional, at 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906, Telephone number: 6241 6626. |
| Additional Details | |
| Name Of Person | Lee Jim Teck |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/03/2024 |
| Detailed Reason (s) for cessation | As part of the board renewal plan, Mr Lee Jim Teck, having served as an Independent Director for more than nine years he has stepped down from the Board with effect from 1 March 2024. |
| 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 | 22/07/2011 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive & Independent Director, Member of Audit Committee, Remuneration Committee and Nominating Committee. |
| Role and responsibilities | A member of the Audit Committee, Remuneration Committee and Nominating Committee. |
| 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 | None |