Change - Announcement Of Retirement Of Independent Non-Executive Director
BackJul 13, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 13, 2023 17:30 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director |
| Announcement Reference | SG230713OTHRWIAV |
| 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 Independent Non-Executive Director |
| Additional Details | |
| Name Of Person | Lim Kok Min John |
| Age | 82 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 13/07/2023 |
| Detailed Reason (s) for cessation | Mr. Lim is retiring upon completion of the maximum term of 9 years allowed for an Independent Non-Executive Director. |
| 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 | 14/07/2014 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, a member each of the Audit and Risk Committee and the Nomination and Renumeration Committee |
| 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 | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 562,000 units |
| Past (for the last 5 years) | 1. ExeterStar Holdings Pte. Ltd. 2. In.Corp Global Pte. Ltd. 3. MHC Asia Group Pte. Ltd. 4. Nexus International School (Singapore) Pte. Ltd. 5. Silverlake Axis Limited 6. TWG Tea Company Pte. Ltd. 7. V3 Group Ltd. |
| Present | 1. Boustead Projects Limited 2. Taylor's Education Pte. Ltd. 3. V3 Gourmet Pte. Ltd. |
