Change - Announcement Of Retirement Of Director
29 Apr 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2021 17:24 |
| Status | New |
| Announcement Sub Title | Retirement of Director |
| Announcement Reference | SG210429OTHRKS9G |
| Submitted By (Co./ Ind. Name) | Lim Ah Cheng |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Director |
| Additional Details | |
| Name Of Person | Tan Soo Kiat |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2021 |
| Detailed Reason (s) for cessation | Retired and did not wish to seek re-election at the Company's Annual General Meeting held on 29 April 2021 due to the nine-year cap rule on director independence under the Code of Corporate Governance. |
| 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 | 08/02/2011 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director |
| Role and responsibilities | Lead Independent Director, Chairman of the Audit 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) | Arana Assets Limited Vela Diagnostics Holding Pte. Ltd. Nam Lee Pressed Metal Industries Limited |
| Present | Asiamedic Limited Intergate Pte Ltd Dyna-Mac Holdings Ltd. |