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Change - Announcement Of Retiring As Director Of The Company
BackJan 06, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 6, 2020 0:07 |
| Status | New |
| Announcement Sub Title | Retiring as Director of the Company |
| Announcement Reference | SG200106OTHRCEEY |
| Submitted By (Co./ Ind. Name) | Sean Lee Yun Feng |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Mr Lim Han Boon will be retiring as a Director of the Company pursuant to Regulation 103 of the Constitution of the Company and he will not be seeking for re-election at the Annual General Meeting. |
| Additional Details | |
| Name Of Person | Lim Han Boon |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 21/01/2020 |
| Detailed Reason (s) for cessation | Retiring to allow progressive renewal of the Board. |
| 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 | 13/09/2007 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of Audit Committee, Member of Nominating Committee, Member of Remuneration Committee |
| Role and responsibilities | Non-Executive |
| 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? | Yes |
| Shareholding Details | Mr Lim Han Boon holds 364,101 Ordinary Shares and 291,280 Warrants of the Company as at the date of this announcement. |
| Past (for the last 5 years) | Independent Director of Addvalue Technologies Ltd |
| Present | Independent Director of China Mining International Limited |
