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Change - Announcement Of Resignation Of Non-Executive Non-Independent Director
BackAug 24, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 24, 2022 17:34 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive Non-Independent Director |
| Announcement Reference | SG220824OTHRCX0J |
| Submitted By (Co./ Ind. Name) | Chester Leong |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Non-Executive Non-Independent Director - Mr Lim How Teck |
| Additional Details | |
| Name Of Person | Lim How Teck |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/08/2022 |
| Detailed Reason (s) for cessation | Mr Lim How Teck was nominated as a Board member by our controlling shareholder, Heliconia Capital Management Pte. Ltd. ("Heliconia"). Mr Lim How Teck is stepping down as Chairman of Heliconia. In connection therewith, he will resign as Non-Executive Non-Independent Director of the Company. Consequent to his resignation, Mr Lim How Teck will also be vacating his positions as member of the (i) Audit & Risk; and (ii) Nominating Committees. |
| 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 | 22/07/2020 |
| 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) | 6 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Non-Independent Director, Member of Audit & Risk Committee and Nominating Committee |
| Role and responsibilities | Non-Executive |
| 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) | - ARA LOGOS Logistics Trust Management Limited - The Foundation for Development Cooperation (Pacific) Ltd - Swissco Holdings Ltd - Mewah International Inc - Public Utilities Board - Accuron Technologies Ltd - ARA Asset Management Ltd - Rickmers Trust Management Pte Ltd - PNG Sustainable Development Program - Greenship Offshore Manager Pte Ltd - 33 Ventures Pte Ltd - NauticAWT Limited - The Foundation for Development Cooperation - Nexusun International Pte. Ltd. - Yang Kee Logistics (Singapore) Pte Ltd - Heliconia Capital Management Pte. Ltd. - Heliconia Holdings Pte. Ltd. |
| Present | - Redwood International Pte. Ltd. - Mizuho Securities (Singapore) Pte. Ltd. - Singapore DTT Corporation Ltd - Raffles Educational Corporation Limited - Aetius SEA Acquisition Corp Inc - Aetherium Acquisition Corp - FEU International Pte Ltd (Huobi) |
Attachments
- Attachment 1 (Size: 191,467 bytes)
