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Change - Announcement Of Cessation Of Independent And Non-Executive Director
BackApr 29, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2025 17:44 |
| Status | New |
| Announcement Sub Title | Cessation of Independent and Non-Executive Director |
| Announcement Reference | SG250429OTHRGXBQ |
| Submitted By (Co./ Ind. Name) | Lou Yiliang |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Independent and Non-Executive Director, Mr Teruo Kiriyama. |
| Additional Details | |
| Name Of Person | Teruo Kiriyama |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2025 |
| Detailed Reason (s) for cessation | To comply with Rule 210 (5)(d)(iv) of the SGX-ST Listing Rules and to facilitate the renewal of Independent Directors on the Board, Mr Teruo Kiriyama has retired as an Independent and Non-Executive Director of the Company with effect from 29 April 2025, and had concurrently relinquished his position as Chairman of the Nominating Committee and member of the 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 | 02/11/2015 |
| 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) | 1 |
| 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 and Non-Executive Director |
| Role and responsibilities | Roles and responsibilities of the Independent and Non-Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | N.A. |
| Present | N.A. |
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