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Change - Announcement Of Retirement Of Independent Non-Executive Director
BackFeb 28, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 28, 2025 17:33 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director |
| Announcement Reference | SG250228OTHRJYDU |
| Submitted By (Co./ Ind. Name) | Lim Kai Ching |
| Designation | Group CFO |
| Effective Date and Time of the event | 30/04/2025 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Mr. Lee Gee Aik ("Mr. Lee") will retire as Independent Non-Executive Director at the conclusion of the Annual General Meeting to be convened after serving the Company for nine years since January 2016. He will also relinquish his positions as Lead Independent Non-Executive Director, Chairman of the Audit Committee, and a member of both the Nominating Committee and the Remuneration Committee. |
| Additional Details | |
| Name Of Person | Lee Gee Aik |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2025 |
| Detailed Reason (s) for cessation | Mr. Lee will retire as Independent Non-Executive Director at the conclusion of the Annual General Meeting to be convened after serving the Company for nine years since January 2016. This is in line with SGX's regulation on the 9-year limit for independent directors to serve on the Board and to facilitate Board renewal in 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 | 04/01/2016 |
| 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.) | i) Lead Independent Director ii) Audit Committee Chairman iii) Nominating Committee Member iv) Remuneration Committee Member |
| Role and responsibilities | Non-executive director |
| 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) | Anchun International Limited |
| Present | 1) Uni-Asia Group Limited 2) SHS Holdings Limited 3) Astaka Holdings Limited 4) CH Offshore Limited |
Attachments
- Attachment 1 (Size: 115,810 bytes)