News
Change - Announcement Of Retirement Of Non-Executive Independent Director
BackApr 13, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 13, 2021 19:26 |
| Status | New |
| Announcement Sub Title | Retirement of Non-Executive Independent Director |
| Announcement Reference | SG210413OTHRSWPM |
| Submitted By (Co./ Ind. Name) | Tan Kheng Hwee Andrew |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Mr Soh Gim Teik is due to retire at the Annual General Meeting ("AGM") of the Company to be held on 26 April 2021 pursuant to Regulation 111 of the Company's Constitution. He has decided not to seek for re-election as part of Board renewal process. The Board would like to extend its appreciation to Mr Soh Gim Teik for his valuable contribution to the Company during his tenure of service. The Company will announce in due course the appointment of a Non-Executive and Independent Director as well as changes to the Board Committees. |
| Additional Details | |
| Name Of Person | Soh Gim Teik |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/04/2021 |
| Detailed Reason (s) for cessation | Retirement by rotation in accordance with Regulation 111 of the Company s Constitution. As part of Board renewal process, Mr Soh Gim Teik has opted to step down and not to seek for re-election |
| 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 | 08/08/2008 |
| 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 Investment Committee Chairman Audit Committee Member Nominating Committee Member |
| Role and responsibilities | Non-executive and Independent Director |
| 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) | 1. QAF Limited 2. UMS Holdings Limited 3. KS Energy Limited 4. National Healthcare Group Pte Ltd |
| Present | 1. Agency for Science, Technology and Research (A*Star) 2. Digiassets Exchange (Singapore) Pte Ltd 3. Farrer Park Hospital Pte Ltd 4. The Farrer Park Company Pte Ltd 5. EDBI Pte Ltd 6. Shanling Investments Pte Ltd 7. Consortium For Clinical Research and Innovation Singapore Pte Ltd 8. Science Centre Board 9. Wilmar International Limited |