Change - Announcement Of Cessation As Independent Non-Executive Director
May 21, 2024
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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 21, 2024 18:03 |
| Status | New |
| Announcement Sub Title | Cessation as Independent Non-executive Director |
| Announcement Reference | SG240521OTHRMGL1 |
| Submitted By (Co./ Ind. Name) | Yap Lay Hoon / Wong Yi |
| Designation | Company Secretaries |
| Effective Date and Time of the event | 21/05/2024 18:03:00 |
| Description (Please provide a detailed description of the event in the box below) | Mr Ho Siew Keong Kenneth ( Mr Ho ) will step down as the Independent Non-executive Director of the Company with effect from 22 May 2024. Consequent to his cessation, he will also be vacating his positions as a member of the Audit and Risk Committee of the Company and the Remuneration Committee of the Company. |
| Additional Details | |
| Name Of Person | Ho Siew Keong Kenneth |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/05/2024 |
| Detailed Reason (s) for cessation | Mr Ho will be taking up an executive appointment with the Company as the General Manager to focus on strategically identifying new businesses, expanding existing operations and pursuing growth opportunities. |
| 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 | 10/09/2021 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-executive Director, ARC member and RC member |
| Role and responsibilities | Assumed the roles and responsibilities as an Independent Non-executive Director and member of the ARC and the RC. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | CES Vietnam Holdings Pte Ltd CES Management (Vietnam) Pte Ltd CES Technology Development (Taicang) Company |
| Present | Silverlink Holdings Pte Ltd Transil Corporation Pte Ltd Yinjian Investment (S) Pte Ltd Beijing Yinjian Industry Co Ltd |