News
Change - Announcement Of Resignation Of Independent Non-Executive Director - Wu Chiaw Ching
BackOct 31, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 31, 2023 19:54 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-Executive Director - Wu Chiaw Ching |
| Announcement Reference | SG231031OTHRXXV1 |
| Submitted By (Co./ Ind. Name) | Maureen Low |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Non-Executive Director This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Ms Audrey Mok (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Name Of Person | Wu Chiaw Ching |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/11/2023 |
| Detailed Reason (s) for cessation | Mr Wu Chiaw Ching ("Mr Wu") has been a director of the Company since 21 March 2013 and he will be stepping down as part of Board renewal. Based on its enquiries, the Company's Sponsor, SAC Capital Private Limited, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Wu. |
| 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 | 21/03/2013 |
| 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) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Member of the Audit Committee Member of the Remuneration Committee Member of the Nominating Committee |
| Role and responsibilities | Non-Executive |
| 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? | No |
| Past (for the last 5 years) | 1. DLF Holdings Limited 2. Arthur Wu Consultants Pte Ltd 3. China Fashion Holdings Limited 4. EDC@SCCCI Pte Ltd 5. E-Freight Centre Pte Ltd 6. Financial Board of the Singapore Chinese Chamber of Commerce 7. P99 Holdings Limited 8. Sun Yat Sen Nanyang Memorial Hall Company Limited 9. Aegis Financial Circle Pte Ltd 10. Aegis Knowledge Pte Ltd 11. Aegis Portfolio Managers Pte Ltd 12. Aegis Private Capital Pte Ltd 13. Aegis Wealth Managers Pte Ltd 14. E-Freight Centre (2008) Pte Ltd 15. Shipping Freight Booking Centre Sendirian Berhad |
| Present | 1. Wu Chiaw Ching & Company 2. LHT Holdings Limited 3. Goodland Group Limited 4. Pinpoint Pte Ltd 5. Singapore Teochew Foundation Limited 6. Ngee Ann Development Private Limited 7. South Grand Enterprise (Pte.) Ltd. 8. Nad Triple Funds Pte Ltd 9. Ngee Ann Property Management Pte Ltd 10. RE Properties Pte Ltd |