News
Change - Announcement Of Cessation Of Lead Independent Director
BackApr 23, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 23, 2019 17:22 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Lead Independent Director |
| Announcement Reference | SG190423OTHRPF13 |
| Submitted By (Co./ Ind. Name) | Chew Kok Liang |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Koh Lian Huat as Lead Independent Director |
| Additional Details | |
| Name Of Person | Koh Lian Huat |
| Age | 79 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/04/2019 |
| Detailed Reason (s) for cessation | Mr Koh Lian Huat, who was due to retire at the Company's Annual General Meeting ("AGM") pursuant to Regulation 97 of the Company's Constitution, did not seek for re-election as a 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 | 30/11/2009 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, a Chairman of Audit and Risk Management Committee, a Member of Nominating, Remuneration and Board and Safety Committees. |
| Role and responsibilities | Non-Executive. |
| 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) | None |
| Present | 1. Eastern Union (2002) Pte Ltd 2. Winsing International Pte Ltd 3. Zhongmin Baihui Retail Group Ltd 4. Eastern Union Holdings Pte Ltd |