Change - Announcement Of Cessation As Director

BackDec 22, 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