Change - Announcement Of Cessation As Director
22 Dec 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 22, 2021 17:19 |
| Status | New |
| Announcement Sub Title | CESSATION AS DIRECTOR |
| Announcement Reference | SG211222OTHRNPAP |
| 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) | CESSATION AS DIRECTOR |
| Additional Details | |
| Name Of Person | ONG SEH HONG |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2021 |
| Detailed Reason (s) for cessation | Dr Ong Seh Hong ("Dr Ong") has served as a Director of Dyna-Mac Holdings Ltd. for an aggregate period of more than nine years and is stepping down in line with the Code of Corporate Governance. Following his cessation from the Board, Dr Ong will also cease as the Chairman of the Remuneration Committee, Member of the Audit Committee and Nominating 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 | 08/02/2011 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director |
| Role and responsibilities | Chairman of Remuneration Committee, Member of the Audit Committee and Nominating 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) | Zhongmin Baihui Retail Group Ltd. |
| Present | Hock Lian Seng Holdings Limited SC3H Holding Pte Ltd Econ Healthcare (Asia) Limited |