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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 30, 2024 19:29 |
| Status | New |
| Announcement Sub Title | Announcement of cessation of Vice Chairman, Independent Director and Committee Members |
| Announcement Reference | SG240430OTHREWLG |
| Submitted By (Co./ Ind. Name) | Mak Mei Yook |
| Designation | Company Secretary |
| Effective Date and Time of the event | 30/04/2024 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation of Mr Lim Hock San as the Vice Chairman, Independent Director, Chairman of Remuneration Committee and Members of Audit & Risk Management and Nominating Committee on 30 April 2024. |
| Additional Details | |
| Name Of Person | Lim Hock San |
| Age | 77 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2024 |
| Detailed Reason (s) for cessation | Mr Lim Hock San who retired pursuant to Regulation 111 of the Company's Constitution, did not seek for re-election and retired as Vice Chairman and Independent Director of the Company at the conclusion of the Annual General Meeting held on 30 April 2024. Following his cessation, Mr Lim Hock San ceased his roles as Chairman of Remuneration Committee ("RC"), Members of Audit & Risk Management Committee ("AC") and Nominating Committee ("NC"). |
| 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 | 23/01/2007 |
| 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) | 0 |
| 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.) | - Vice Chairman of the Board - Independent Director - Chairman of RC - Members of AC and NC |
| Role and responsibilities | Carry out the responsibilities of Vice Chairman of the Board, Independent Director, Chairman of RC and Members of AC and NC. |
| 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) | -United Industrial Corporation Ltd (CEO) -Singapore Land Limited (CEO) |
| Present | - Moneylenders Pte Ltd (Director) - Gallant Venture Ltd (Chairman) - Interra Resources Limited (Independent Director) |
