News
Change - Announcement Of Cessation :: Resignation Of Lead Independent Non-Executive Director And Audit Committee Chairman
BackApr 18, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 18, 2019 7:48 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN |
| Announcement Reference | SG190418OTHRCZ8E |
| Submitted By (Co./ Ind. Name) | Chong Kee Hiong |
| Designation | Director |
| Description (Please provide a detailed description of the event in the box below) | RESIGNATION OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT COMMITTEE CHAIRMAN |
| Additional Details | |
| Name Of Person | Chen Wei Ching, Vincent |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/04/2019 |
| Detailed Reason (s) for cessation | Mr Chen Wei Ching, Vincent ("Vincent") will step down as Lead Independent Non-Executive Director and Audit Committee Chairman due to the approaching 9-year limit on the tenure for an Independent Director. The Board wishes to extend its gratitude and appreciation to Vincent for his dedication and stewardship during his tenure on the Board. |
| 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 | 01/10/2010 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Non-Executive Director and Chairman of Audit Committee. |
| Role and responsibilities | Lead Independent Non-Executive Director and Chairman of Audit Committee. |
| 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? | Yes |
| Shareholding Details | 400000 |
| Past (for the last 5 years) | Nil |
| Present | a) Chen Holdings Pte. Ltd. b) Pauline Estate Pte. Ltd. c) Sino-Malayan Engineers Pte. Ltd.; and d) Prime Asia Incorporated. |
