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Change - Announcement Of Cessation Of Mr Ko Chuan Aun As Independent Director
BackJul 16, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 16, 2024 8:05 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Ko Chuan Aun as Independent Director |
| Announcement Reference | SG240716OTHR59AE |
| Submitted By (Co./ Ind. Name) | Ong Beng Hong |
| Designation | Joint Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Ko Chuan Aun as Independent Director |
| Additional Details | |
| Name Of Person | Ko Chuan Aun |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/07/2024 |
| Detailed Reason (s) for cessation | Pursuant to Article 89 of the Company's constitution, Mr Ko Chuan Aun ("Mr Ko") is one of the Directors to retire by rotation at the annual general meeting to be held on 31 July 2024 ("AGM"). To facilitate Board renewal, Mr Ko has indicated that he will not be seeking re-election at the AGM. Accordingly, Mr Ko will cease to be a Director of the Company at the conclusion of the AGM. |
| 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 | 05/08/2013 |
| 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) | 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.) | Chairman of the Remuneration Committee, Member of the Audit and Risk Committee and Nominating Committee |
| Role and responsibilities | The appointment is 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) | Lian Beng Group Limited San Teh Ltd Koon Holdings Limited Pavillon Holdings Ltd. HSK Resources Pte. Ltd. |
| Present | Sheng Siong Group Ltd. Moneymax Financial Services Ltd |