Newsroom
Change - Announcement Of Resignation Of Executive Director - Ms Lie Ly
BackDec 31, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 31, 2024 12:26 |
| Status | New |
| Announcement Sub Title | Resignation of Executive Director - Ms Lie Ly |
| Announcement Reference | SG241231OTHRSL8H |
| Submitted By (Co./ Ind. Name) | Sean Lee Yun Feng |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Ms Lie Ly as an Executive Director of Marco Polo Marine Ltd on 31 December 2024. Please also see separate announcement on the re-designation of Ms Lie Ly released today. |
| Additional Details | |
| Name Of Person | Lie Ly |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2024 |
| Detailed Reason (s) for cessation | Ms Lie Ly is retiring as an Executive Director and she will be taking on a more passive role in the Company. |
| 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 | 12/02/2020 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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.) | Executive Director and Chief Financial Officer |
| Role and responsibilities | Ms Lie Ly is responsible for all finance, accounting, treasury and strategic development of the Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Sister of Executive Director and Chief Executive Officer, Mr Sean Lee Yun Feng |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 1) Ms Lie Ly is deemed interested in 160,714,285 ordinary shares held by a nominee. 2) Ms Lie Ly is deemed interested in 5,920,000 ordinary shares which will be issued and alloted to her upon exercise of the employee share options granted to her under the employee share option scheme of the Company |
| Past (for the last 5 years) | - MPST MARINE PTE LTD. - MARCO POLO DRILLING PTE. LTD. - MARCO POLO DRILLING (I) PTE. LTD. - MARCO POLO OFFSHORE (VI) PTE. LTD. |
| Present | - MARCO POLO SHIPYARD PTE. LTD. - MP MARINE PTE. LTD. - MP SHIPPING PTE. LTD. - MP VENTURES PTE. LTD. - MARCO POLO WIND PRIVATE LIMITED - MARCO POLO OFFSHORE (II) PTE. LTD. - MP OFFSHORE PTE. LTD. - MARCO POLO OFFSHORE (III) PTE. LTD. - PT. PELAYARAN NASIONAL BINA BUANA RAYA TBK - BBR SHIPPING PTE. LTD. - PT. SINAR BINTANG MAKMUR - MARCO POLO OFFSHORE (VII) PTE. LTD. - HEATEC JIETONG HOLDINGS LTD. - MP WINDCRAFT PTE. LTD. |
