News
Change - Announcement Of Retirement Of Independent Director
BackJun 26, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 26, 2020 19:03 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG200626OTHRD5SS |
| Submitted By (Co./ Ind. Name) | Benny Lum |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr. Ong Sim Ho as Independent Director |
| Additional Details | |
| Name Of Person | ONG SIM HO |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/06/2020 |
| Detailed Reason (s) for cessation | Having served as an Independent Director for nearly 15 years, the Director decided to retire to allow for Board renewal and succession |
| 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 | 18/07/2005 |
| 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) | 4 |
| 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 Remuneration Committee Member of Nominating Committee |
| Role and responsibilities | Assumed the roles and responsibilities of an Independent Director and RC Chairman and NC Member |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct Interest of 450,000 ordinary shares in Sunningdale Tech Ltd. |
| Past (for the last 5 years) | Tokio Marine Insurance Singapore Ltd Tokio Marine Life Insurance Singapore Ltd Centre For Fathering Limited The Place Holdings Limited |
| Present | Emirates National Oil Company (Singapore) Pte Ltd Bluefield Renewable Energy Pte Ltd Bluefield Ventures Pte Ltd AIA Singapore Private Limited 2 Friends Investment Pte Ltd Ong Sim Ho LLC (Dormant law corporation) Drew & Napier LLC Bukit Sembawang Estates Limited Bright Vision Hospital Advanced Micro Foundry Pte Ltd |