Change - Announcement Of Retirement Of Director

BackApr 16, 2024
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 16, 2024 19:04
Status New
Announcement Sub Title Retirement of Director
Announcement Reference SG240416OTHRTBOM
Submitted By (Co./ Ind. Name) NG SOOK HWA
Designation CHIEF FINANCIAL OFFICER
Description (Please provide a detailed description of the event in the box below) Retirement of Ng Weng Sui Harry ("Mr Harry") as Director of the Company
Additional Details
Name Of Person Ng Weng Sui Harry
Age 68
Is effective date of cessation known? Yes
If yes, please provide the date 16/04/2024
Detailed Reason (s) for cessation Mr Harry chose not to seek for re-election pursuant to Regulation 107 of the Company's Constitution and has retired as an Independent Director of the Company and his tenure as independent director has exceeded the 9-year limit set under Listing Rules 201(5)(d)(iv).

Following his retirement, Mr Harry has ceased to be the Chairman of the Audit Committee, member of the Remuneration Committee, and member of the Nominating Committee.
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 14/10/2009
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.) Audit Committee Chairman; Nominating Committee Member; and Remuneration Committee Member
Role and responsibilities Non-Executive Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 430,000 Ordinary Shares
Past (for the last 5 years) 1. HG Metal Manufacturing Limited
Present 1. Oxpay Financial Limited
2. HLM (International) Corporate Services Pte. Ltd.
3. Oxley Holdings Limited
4. Medi Lifestyle Limited