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Change - Announcement Of Retirement Of Independent Director And Board Chairman
BackApr 29, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2024 23:21 |
| Status | New |
| Announcement Sub Title | Change - Announcement of Cessation |
| Announcement Reference | SG240429OTHRFK0P |
| Submitted By (Co./ Ind. Name) | Eunice Hooi |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director and Board Chairman |
| Additional Details | |
| Name Of Person | Lim Ming Seong |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2024 |
| Detailed Reason (s) for cessation | As Resolution 3 on the re-election of Mr Lim Ming Seong as a Director was not carried at the Annual General Meeting held on 29 April 2024 (the "AGM"), Mr Lim retired from his office as a Director at the conclusion of the AGM. Consequently, he relinquished the positions of Board Chairman, Chairman of Compensation Committee, Chairman of Nominating Committee and Chairman of Investment Committee. The Board would like to express its gratitude and appreciation to Mr Lim Ming Seong for his dedication and guidance during his tenure as Chairman and Independent Director. Mr Lim had provided valuable contribution to the Board as well as to the Nominating Committee, Compensation Committee and Investment Committee during his tenure. |
| 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 | 17/01/1997 |
| 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) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Board, Compensation, Nominating and Investment Committees |
| Role and responsibilities | Independent Director, Chairman of the Board, Compensation, Nominating and Investment Committees |
| 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? | Yes |
| Shareholding Details | Deemed Interest: 4,790,000 shares |
| Past (for the last 5 years) | Aegis Medical Care Pte. Ltd. STT GDC Pte. Ltd. First Resources Limited CSE W-Industries, Inc CSE Icon, Inc. CSE (Americas) Pte. Ltd. CSE Global (Americas) Pte. Ltd. Starhub Limited |
| Present | U Mobile Sdn Bhd Amplus Communication Pte Ltd STT Communication Ltd Singapore Technologies Telemedia Pte Ltd |
