| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 12, 2017 18:13 |
| Status | New |
| Announcement Sub Title | Cessation of Chairman and Non-Executive, Independent Director |
| Announcement Reference | SG170512OTHRR7BK |
| 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) | Please refer to the attached announcement for details. |
| Additional Details | |
| Name Of Person | Tan Cheng Han |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2017 |
| Detailed Reason (s) for cessation | Prof. Tan Cheng Han is resigning from the Board to assume his appointment as Chairman of Singapore Exchange Regulation Pte Ltd which is the new subsidiary company set up by the Singapore Exchange to undertake the market regulatory functions of the Exchange. |
| 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 | 01/07/2001 |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chairman and Non-Executive, Independent Director and Chairman of Remuneration and Nominating Committees and a Member of Audit Committee. |
| Role and responsibilities | Chairman and Non-Executive, Independent Director and Chairman of Remuneration and Nominating Committees and a Member of Audit Committee. |
| 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 | 40,000 ordinary shares in PCI Limited |
| Past (for the last 5 years) | 1. NTUC Income Insurance Co-operative Singapore; 2. Yamada Green Resources Limited; 3. The Asian Society of International Law Ltd; 4. Seed Institute Pte Ltd; 5. The Little Skool-House International Pte Ltd; and 6. St. Joseph's Institution Foundation for The Lasallian Mission Ltd. |
| Present | 1. Keppel Reit Management Limited; 2. Global Yellow Pages Limited; 3. Singapore Technologies Marine Ltd; 4. Anwell Technologies Limited; 5. Caritas Singapore Community Council Limited; 6. NTUC First Campus Cooperative Limited; 7. Tokio Marine Life Insurance Singapore Ltd.; 8. Tokio Marine Insurance Singapore Ltd.; and 9. Bright Horizons Fund |
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