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Change - Announcement Of Retirement Of Independent Director - Dr Lee Kong Ting
BackApr 21, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 21, 2025 18:38 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director - Dr Lee Kong Ting |
| Announcement Reference | SG250421OTHRGZP7 |
| Submitted By (Co./ Ind. Name) | Lai Kuan Loong Victor |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director - Dr Lee Kong Ting |
| Additional Details | |
| Name Of Person | Dr Lee Kong Ting |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/04/2025 |
| Detailed Reason (s) for cessation | Dr Lee Kong Ting ("Dr Lee") has served on the Board since 1 February 2017 and would be approaching the nine years tenure. In view of the aforesaid, Dr Lee has indicated his intention to retire at the conclusion of the Annual General Meeting held on 21 April 2025 (the "AGM"). Accordingly, Dr Lee retired as Independent Director at the conclusion of the AGM and consequently ceased to be a member of the Audit and Risk 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 | 01/02/2017 |
| 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) | 4 |
| 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 and member of the Audit and Risk Committee |
| Role and responsibilities | Independent Director and member of the Audit and Risk Committee |
| 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) | Nil |
| Present | Nil |
