Captii Limited

Investor Relations.
 
 

Change - Announcement Of Cessation Of Lead Independent Director

BackApr 08, 2024
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