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Change - Announcement Of Retirement Of Mdm Joanna Young Sau Kwan As Non-Executive, Independent Director

BackOct 18, 2018
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 18, 2018 19:28
Status New
Announcement Sub Title Retirement of Mdm Joanna Young Sau Kwan as Non-Executive, Independent Director
Announcement Reference SG181018OTHRHTI3
Submitted By (Co./ Ind. Name) Valerie Tan May Wei
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Retirement of Mdm Joanna Young Sau Kwan as Non-Executive, Independent Director
Additional Details
Name Of Person Joanna Young Sau Kwan
Age 74
Is effective date of cessation known? Yes
If yes, please provide the date 18/10/2018
Detailed Reason (s) for cessation Retirement at the 48th Annual General Meeting of the Company held on 18 October 2018. Accordingly, Mdm Young will step down as the Chairman of the Audit Committee and a member of the Remuneration and Nominating Committees.
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 21/02/2003
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) 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.) Non-Executive, Independent Director and Chairman of the Audit Committee and a Member of the Remuneration and Nominating Committees
Role and responsibilities Non-Executive, Independent Director and Chairman of the Audit Committee and a Member of the Remuneration and Nominating Committees
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 22,500 ordinary shares
Past (for the last 5 years) 1. CH Offshore Ltd.
Present 1. JSKY & Associates Pte. Ltd.
2. PCI Limited