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Change - Announcement Of Retirement Of Executive Director At Annual General Meeting
Apr 27, 2023
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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 27, 2023 19:23 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF EXECUTIVE DIRECTOR AT ANNUAL GENERAL MEETING |
| Announcement Reference | SG230427OTHRS4TY |
| Submitted By (Co./ Ind. Name) | PANG YOKE MIN |
| Designation | EXECUTIVE CHAIRMAN |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Executive Director |
| Additional Details | |
| Name Of Person | LAU BOON HWEE |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/04/2023 |
| Detailed Reason (s) for cessation | Mr Lau Boon Hwee has decided not to stand for re-election and retired as an Executive Director of the Company with effect from the conclusion of the Annual General Meeting held on 27 April 2023. |
| 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 | 28/10/2013 |
| 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.) | Executive Director and Chief Technical and Shipyard Officer |
| Role and responsibilities | Duties as Executive Director and Chief Technical and Shipyard Officer |
| 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 | Pacific Radiance Ltd (i) 162,497 ordinary shares (ii) 162,497 shareholder warrants |
| Past (for the last 5 years) | Please see "Annexure A" as per attached |
| Present | Please see "Annexure A" as per attached |
Attachments
- Annexure A (Size: 14,164 bytes)
