| 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 |
