Announcements
Change - Announcement Of Retirement Of Lead Independent Director
Oct 02, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 2, 2020 18:12 |
| Status | New |
| Announcement Sub Title | Retirement of Lead Independent Director |
| Announcement Reference | SG201002OTHR0PAC |
| Submitted By (Co./ Ind. Name) | Song Xingyi |
| Designation | Non-Executive, Non-Independent Chairman |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST 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. Ong Hwee Li (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Henry Tan Song Kok |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/10/2020 |
| Detailed Reason (s) for cessation | Mr Henry Tan Song Kok decided not to seek re-election and is retiring as an Independent Director of the Company at the conclusion of the Company's Annual General Meeting to be held on 29 October 2020, as well as relinquish his position as Chairman of the Audit Committee and member of the Nominating Committee. The sponsor after having interviewed Mr Henry Tan Song Kok, is satisfied that, saved as disclosed in the announcement, there are no other material reasons for the retirement of Mr Henry Tan Song Kok as Independent Director of 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 | 30/09/2017 |
| 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) | 1 |
| 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.) | Lead Independent Director Chairman of Audit Committee Member of Nominating Committee |
| Role and responsibilities | Non-Executive and Independent Director |
| 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) | Chosen Holdings Limited Ascendas Funds Management (S) Limited Raffles Education Corporation Limited |
| Present | (1) Nexia TS Group of Companies (2) YHI International Limited (3) China New Town Development Co. Ltd (4) BH Global Corporation Limited (5) Asia Vets Holdings Ltd. (6) 2T Investment Holdings Pte Ltd (7) Medallion Asset Management Pte Ltd (8) Alpha Singapore (9) The Methodist Church of Singapore (10) Wesley Vineyard Childcare Ltd (11) Nayang Business School (NBS) Dean's Alumni Advisory Board |