News
Change - Announcement Of Resignation Of Independent Director
BackJun 30, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 30, 2026 17:37 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Director |
| Announcement Reference | SG260630OTHRTWUQ |
| Submitted By (Co./ Ind. Name) | Wong Yoen Har |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Director - Mr. Loo Hock Leong |
| Additional Details | |
| Name of person | Loo Hock Leong |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 30/06/2026 |
| Detailed reason(s) for cessation | Mr. Loo Hock Leong ("Mr. Loo") was appointed as Independent Director of the Company on 20 June 2017 and will reach the nine-year tenure limited in 2026. To be in compliance with Rule 210(5)(d)(iii) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Mr. Loo has decided to resign as Director of the Company. Following Mr. Loo's resignation as an Lead Independent Director of the Company, he will relinquish his position as Chairman of the Audit Committee and as a member of the Nominating Committee and Remuneration 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 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of the Audit Committee and as a member of the Nominating Committee and Remuneration Committee. |
| Role and responsibilities | Fulfilling the duties of as an Lead Independent Director, Chairman of the Audit Committee and as a member of the Nominating Committee and Remuneration Committee. |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking into account this cessation) | 3 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 1 |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 800,000 ordinary shares registered in DBS Nominees (Private) Limited 2,000 ordinary shares in spouse's name |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Other Directorships Past (for the last 5 years) |
Directorships: - Matsudo Investment Pte. Ltd. |
| Present | Directorships: - Parkway Life Malaysia Pte. Ltd. - Parkway Life Malaysia Sdn. Bhd. - Parkway Life MTN Pte. Ltd. - Parkway Life Japan2 Pte. Ltd. - Parkway Life Japan3 Pte. Ltd. - Parkway Life Japan4 Pte. Ltd. - IFS Capital Limited - Parkway Life Nova Pte. Ltd. - Parkway Life Sant Parkway Life Sant 1SCI - Parkway Life Sant 2 SCI - Parkway Life Sant 3 SCI - Parkway Life Sant 4 SCI - Parkway Life Sant 5 SCI - Parkway Life Sant 6 SCI - Parkway Life Sant 7 SCI - Parkway Life Sant 8 SCI - Parkway Life Sant 9 SCI - Singapore Lam Ann Association |