Corporate News
Change - Announcement Of Cessation Of Independent Non-Executive Director
May 28, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 28, 2020 21:37 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Independent Non-Executive Director |
| Announcement Reference | SG200528OTHR1FH2 |
| Submitted By (Co./ Ind. Name) | Leung Chun Wah |
| Designation | Chairman and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation of Independent Non-Executive Director ("INED") |
| Additional Details | |
| Name Of Person | Jovenal R. Santiago |
| Age | 82 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/07/2020 |
| Detailed Reason (s) for cessation | Mr. Santiago has resigned due to his own accord. |
| 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 | 14/06/2001 |
| 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) | 2 |
| 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.) | INED; Chairman of the Audit Committee; Member of the Remuneration Committee, the Nomination Committee and the Compliance Committee. |
| Role and responsibilities | Independent Non-executive Director ("INED") |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Independent director of Cosmosteel Holdings Limited |
| Present | No, taking into account of this cessation. |
