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 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