Change - Announcement Of Retirement Of Independent Non-Executive Director And Chairman Of The Audit And Risk Committee
BackFeb 26, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 26, 2021 17:54 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director and Chairman of the Audit and Risk Committee |
| Announcement Reference | SG210226OTHRXP47 |
| Submitted By (Co./ Ind. Name) | Lee Wei Hsiung |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Non-Executive Director and Chairman of the Audit and Risk Committee |
| Additional Details | |
| Name Of Person | Tan Wee Peng Kelvin |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/02/2021 |
| Detailed Reason (s) for cessation | As part of the Company's planned process of renewal of independent directors on its board, Mr. Tan Wee Peng Kelvin has voluntarily retired as Independent Non-Executive Director and Chairman of the Audit and Risk Committee. |
| 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, Chairman of the Audit and Risk Committee |
| Role and responsibilities | Independent Non-Executive Director, Chairman of the Audit and Risk 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? | Yes |
| Shareholding Details | 436,200 units |
| Past (for the last 5 years) | USP Group Limited WE Holdings Ltd Shanghai Turbo Enterprises Ltd. Transcorp Holdings Limited Sabana Real Estate Investment Pte. Ltd. YK Management Pte Ltd GBE Investment Pte. Ltd. DBE Consulting Pte. Ltd. NL Consulting Pte. Ltd. GBE Holdings Pte. Ltd. Golden Equator Capital Pte. Ltd. Marshal Systems Pte. Ltd. Great Wall Majestic Pte. Ltd. Citistate Capital Pte. Ltd. M! Capital Ventures Pte. Ltd. Eagle Hospitality REIT Management Pte. Ltd. Eagle Hospitality Business Trust Management Pte. Ltd. |
| Present | Global Investments Limited UnUsUal Ltd Viking Offshore and Marine Limited Cloud.com Pte. Ltd. Institute of Singapore Chartered Accountants Pte. Ltd. Association of Taxation Technicians (S) Limited Orient Straits Fund II-D |
