Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | Apr 8, 2024 17:39 |
Status | New |
Announcement Sub Title | Cessation of Lead Independent Director |
Announcement Reference | SG240408OTHRFIGV |
Submitted By (Co./ Ind. Name) | Wong Tze Leng |
Designation | Executive Chairman |
Description (Please provide a detailed description of the event in the box below) | Cessation of Lead Independent Director |
Additional Details | |
Name Of Person | Phuah Peng Hock |
Age | 67 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 24/04/2024 |
Detailed Reason (s) for cessation | Mr Phuah Peng Hock ("Mr Phuah") has served as Independent Director of the Company beyond 9 years from the date of his first appointment. In compliance with the Listing Rule 210(5)(d)(iv), which imposed a hard tenure limit for independent directors of 9 years and to facilitate board renewal, Mr Phuah will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting to be held on 24 April 2024. Concurrently, Mr Phuah will relinquish his position as Lead Independent Director, Chairman of the Remuneration Committee, a member of the Audit and Nominating Committees. |
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 | 18/12/2003 |
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) | 1 |
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.) | Lead Independent Director, Chairman of the Remuneration Committee, Member of the Audit and Nominating Committees. |
Role and responsibilities | Lead Independent Director, Chairman of the Remuneration Committee, Member of the Audit and Nominating Committees. |
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) | - Synerwealth Pte Ltd - Wealthedge Pte Ltd |
Present | - Captii Limited - Aviha Consulting Pte Ltd - Primoris Pte Ltd - Imprimo |