News
Change - Announcement Of Retirement Of Independent Director
BackApr 25, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 25, 2024 18:54 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG240425OTHRZNBZ |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Leow Wee Kia Clement ("Mr Leow") as Independent Director of the Company. The number of the Independent Directors currently resident in Singapore includes the appointment of Mr Jong Voon Hoo and Associate Professor Leong Ching Ching, the cessations of Mr Ho Yew Mun and Mr Leow, and the redesignation of Mr Tan Teng Muan announced today. The number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months does not include the cessations of Mr Ho Yew Mun and Mr Leow announced today. |
| Additional Details | |
| Name Of Person | Leow Wee Kia Clement |
| Age | 49 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/04/2024 |
| Detailed Reason (s) for cessation | To comply with Rule 210(5)(d)(iv) of the Listing Rules and to facilitate the renewal of the Board, Mr Leow will be stepping down as an Independent Director of the Company with effect from the conclusion of the annual general meeting on 25 April 2024. He will concurrently relinquish his positions as Chairman of the Nominating Committee and Remuneration Committee and member of the Audit 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 | 26/12/2012 |
| 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.) | Independent Director, Chairman of the Nominating Committee and Remuneration Committee and member of the Audit Committee. |
| Role and responsibilities | Non-Executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Allied Technologies Limited |
| Present | Lum Chang Holdings Limited Ellipsiz Ltd MSM International Limited Grand Team Technologies Pte Ltd |
81 Pasir Ris Heights, Singapore 519292 | Tel (65) 6738 0211 | Fax (65) 6733-8825