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Change - Announcement Of Cessation Of Independent Director
Apr 28, 2017
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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 28, 2017 18:04 |
| Status | New |
| Announcement Sub Title | CESSATION OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG170428OTHRMQA7 |
| Submitted By (Co./ Ind. Name) | PANG YOKE MIN |
| Designation | EXECUTIVE CHAIRMAN |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Choo Boon Tiong who is an Independent Director. |
| Additional Details | |
| Name Of Person | CHOO BOON TIONG |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2017 |
| Detailed Reason (s) for cessation | Mr. Choo who was due for retirement at the AGM of the Company, did not seek for re-election at the AGM and is stepping down as Chairman of the Remuneration Committee concurrent with his retirement as a Director of the Company. |
| 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) | 5 |
| 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.) | Independent Director and Chairman of Remuneration Committee |
| Role and responsibilities | Duties as Independent Director and Chairman of Remuneration Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | N.A. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Owns 120,000 shares in Pacific Radiance Ltd. |
| Past (for the last 5 years) | A little learning: The School Pte. Ltd. Bibby Financial Services (Singapore) Pte. Ltd. CHESS Management Pte. Ltd. Craft Print International Ltd. |
| Present | Cynosure Corporate Services Pte. Ltd. Goldbell Corporation Pte. Ltd. Goldbell Financial Services Pte. Ltd. Karios Food Resources Pte. Ltd. Kyra Capital Pte. Ltd. Light10 Industries Pte. Ltd. Personnel Link JobHub Pte. Ltd. Tiro Consulting Services Pte. Ltd. Solve Education Foundation Ltd (a non-profit organization) |
