Change - Announcement Of Retirement Of Non-Executive Independent Director
Oct 24, 2024
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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 24, 2024 19:34 |
| Status | New |
| Announcement Sub Title | Retirement of Non-executive Independent Director |
| Announcement Reference | SG241024OTHRFUJT |
| Submitted By (Co./ Ind. Name) | Yap Lay Hoon / Wong Yi |
| Designation | Company Secretaries |
| Effective Date and Time of the event | 24/10/2024 19:35:00 |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Non-executive Independent Director |
| Additional Details | |
| Name Of Person | Peter Sim Swee Yam |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/10/2024 |
| Detailed Reason (s) for cessation | Mr Peter Sim Swee Yam has not sought re-election pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST and has retired as a Non-executive Independent Director at the conclusion of the Annual General Meeting held on 24 October 2024. |
| 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 | 30/11/2001 |
| 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.) | Lead Independent Director of the Company Chairman of Remuneration Committee Member of Audit and Risk Committee Member of Nominating Committee |
| Role and responsibilities | Assumed the roles and responsibilities as a Lead Independent Director, Chairman of the Remuneration Committee, member of the Audit and Risk Committee and the Nominating Committee. |
| 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? | Yes |
| Shareholding Details | Indirect: 10,000 ordinary shares |
| Past (for the last 5 years) | Mun Siong Engineering Limited Haw Par Corporation Limited Singapore Reinsurance Corporation Limited Singapore Heart Foundation |
| Present | Gravitas Alliance International Pte Ltd Sim Law Practice LLC Singapore Land Group Limited SKB & Associates Pte Ltd ST Group Food Industries Holdings Limited Talkmed Group Limited |