News

Change - Announcement Of Cessation Of Independent Director

BackApr 25, 2024

Announcement Title	Change - Announcement of Cessation
Date & Time of Broadcast	Apr 25, 2024 21:50
Status	New
Announcement Sub Title	Cessation of Independent Director
Announcement Reference	SG240425OTHRKF3G
Submitted By (Co./ Ind. Name)	LIANG GUO ZHAN
Designation	EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)	Cessation of Lead Independent Director
Additional Details
Name Of Person	GERALD YEO @ YEO AH KHE
Age	65
Is effective date of cessation known?	Yes
If yes, please provide the date	25/04/2024
Detailed Reason (s) for cessation	Mr Gerald Yeo @ Yeo Ah Khe ("Mr Yeo") will be retiring as an Independent Non-Executive Director of the Company pursuant to Bye-Law 104 of the Company's Bye-Laws and will not be seeking re-election at the AGM. Mr Yeo has been with the Company since April 2012. In line with the SGX regulation on the 9-year limit for Independent Directors to serve on the Board and to facilitate Board renewal in the Company, Mr Yeo has thus decided to retire from the Company. Mr Yeo will retire at the conclusion of the AGM and will concurrently cease to be Lead Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and 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	26/04/2012
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	2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Lead Independent Director, AC Chairman, NC Member, RC Member
Role and responsibilities	Responsibilities as the Lead Independent Director, Chairman of the Audit Committee and 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	None
Shareholding interest in the listed issuer and its subsidiaries?	No
Past (for the last 5 years)	None
Present	None