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Change - Announcement Of Cessation Of Independent Director
BackJan 28, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 28, 2021 19:56 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Director |
| Announcement Reference | SG210128OTHRS72T |
| 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 | Ng Kheng Choo |
| Age | 46 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/01/2021 |
| Detailed Reason (s) for cessation | To pursue consulting opportunities within ISOTeam group of companies. Ms Ng Kheng Choo ("Ms Ng") has tendered her resignation as an Independent Director of the Company on 27 January 2021, evening. The Board of Directors of the Company noted and accepted her resignation and agreed that her last day of service with the Company be 27 January 2021. The Board of Directors and the Nominating Committee of the Company are satisfied with Ms Ng's reasons for resignation. Following the above cessation, the respective Board Committees will consist of only 2 members. The Company will endeavour to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the SGX-ST. Hong Leong Finance Limited, after having interviewed Ms Ng, is satisfied that other than as disclosed in this announcement, there are no other reasons for the resignation of Ms Ng. |
| 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 | 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairperson of the Nominating Committee and member of the Audit Committee and 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? | No |
| Past (for the last 5 years) | Corporate Residence Pte. Ltd. Singhaiyi Capital Pte. Ltd. Singhaiyi Land Pte. Ltd. Singhaiyi Investments Pte. Ltd. Charlton Residences Pte. Ltd. Singxpress Land (Pasir Ris) Pte. Ltd. Singxpress Kaylim Pte. Ltd. Singxpress Property Development Pte. Ltd. Reef Development Holdings Pte. Ltd. OUE Reef Development Pte. Ltd. Tampines EC Pte. Ltd. Phoenix Real Estate Pte. Ltd. Perennial Somerset Investors Pte. Ltd. Anchorvale Residences Pte. Ltd. Phoenix 99 Pte. Ltd. Park Mall Pte. Ltd. Eagle Hospitality Trust Eagle Hospitality Business Trust Management Pte. Ltd. (as trustee-manager of Eagle Hospitality Trust) VIT Consultancy Private Limited Beehive Asset Management Pte. Ltd. |
| Present | OKH Global Ltd. |