IR Menu
Change - Announcement Of Retirement Of Mr Tan Eng Ann As Lead Independent Director
BackOct 10, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 10, 2024 18:21 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Tan Eng Ann as Lead Independent Director |
| Announcement Reference | SG241010OTHR5U4Y |
| Submitted By (Co./ Ind. Name) | Koh Thong Huat |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone (65) 6415 9886. |
| Additional Details | |
| Name Of Person | Tan Eng Ann |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/10/2024 |
| Detailed Reason (s) for cessation | Mr Tan Eng Ann shall retire at the conclusion of the Annual General Meeting of the Company to be held on 25 October 2024 pursuant to the nine-year tenure limit for Independent Directors. Following his retirement, Mr Tan Eng Ann will relinquish his roles as Lead Independent Director, Chairman of the Audit Committee, Member of the Remuneration Committee and Nominating Committee. Hong Leong Finance Limited, after having interviewed Mr Tan Eng Ann, is satisfied that other than as disclosed in this announcement, there are no other reasons for the retirement of Mr Tan Eng Ann. The Board would like to extend their appreciation to Mr Tan Eng Ann for his invaluable contribution to the Company during his tenure of service. |
| 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? | Yes |
| If Yes, Please provide full details | The Company and the Nominating Committee have commenced searching for a suitable candidate to appoint as Independent Director and will be making announcement(s) to update shareholders in due course. Pursuant to Rule 704(7) of the Catalist Rules, the Company will endeavour to fill the vacancy within two (2) months and in any case, no later than three (3) months. |
| Date of Appointment to current position | 07/06/2013 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of the Audit Committee, Member of the Remuneration Committee and Nominating 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? | No |
| Past (for the last 5 years) | 1. AM Group Holdings Limited 2. SCK Assets Management Limited 3. SCK Securities Limited |
| Present | 1. IP Global Limited 2. IPIM Holdings Limited 3. IP Real Estate Investments Pte. Ltd. 4. Anli Technology Pte. Ltd. 5. PT Anli Teknologi Indonesia 6. Ruictech Internaitonal Pte. Ltd. 7. Yongmao Holdings Limited |