News
Change - Announcement Of Retirement Of Non-Executive Chairman And Independent Director
BackApr 05, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 5, 2024 17:55 |
| Status | New |
| Announcement Sub Title | Retirement of Non-Executive Chairman and Independent Director |
| Announcement Reference | SG240405OTHR61UJ |
| Submitted By (Co./ Ind. Name) | Siau Kuei Lian |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Dr Ong Seh Hong as Non-Executive Chairman and Independent Director |
| Additional Details | |
| Name Of Person | Ong Seh Hong |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/04/2024 |
| Detailed Reason (s) for cessation | Dr Ong Seh Hong, who was due to retire at the Company's Annual General Meeting ("AGM") pursuant to Regulation 97 of the Constitution of the Company, did not seek for re-election as Director at the conclusion of the AGM. |
| 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 | 23/09/2011 |
| 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) | 3 |
| 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.) | Non-Executive Chairman and Independent Director |
| Role and responsibilities | Non-Executive Chairman and Independent Director, a Member of Nominating Committee, Remuneration Committee, Audit and Risk Management Committee and Board Safety 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) | 1) Dyna-Mac Holdings Ltd. 2) Zhongmin Baihui Retail Group Ltd. |
| Present | 1) Econ Healthcare (Asia) Limited 2) Sheffield Green Ltd. |