Select Page
Change - Announcement Of Retirement Of Independent Director
BackApr 15, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 15, 2024 7:57 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG240415OTHRJKRB |
| Submitted By (Co./ Ind. Name) | Wong Yoen Har |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director - Mr. Lim Chwee Kim. |
| Additional Details | |
| Name Of Person | Lim Chwee Kim |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2024 |
| Detailed Reason (s) for cessation | Mr Lim Chwee Kim ("Mr Lim") was appointed as Independent Director of the Company on 20 June 2017 and will reach the nine year tenure limit in 2026. To be in compliance with Rule 210(5)(d)(d)(iii) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Mr. Lim has retired by rotation and has decided not to seek re-election to the Board at the Company's annual general meeting held on 30 April 2024. Following Mr. Lim's retirement as an Independent Director of the Company, he will relinquish his position as Chairman of the Remuneration Committee and as a member of the Audit Committee and 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 | 20/06/2017 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Remuneration Committee, and member of the Audit Committee and Nominating Committee. |
| Role and responsibilities | Fulfilling the duties of an an Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 200,000 ordinary shares |
| Past (for the last 5 years) | Revez Corporation Ltd |
| Present | 3Cents Logistics Services Pte. Ltd. |