| Announcement Title |
Change - Announcement of Cessation |
| Date & Time of Broadcast |
Aug 25, 2021 18:57 |
| Status |
New |
| Announcement Sub Title |
Cessation of Non-Executive Director |
| Announcement Reference |
SG210825OTHRGPXG |
| Submitted By (Co./ Ind. Name) |
Ong Tong Hai |
| Designation |
Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) |
Announcement of Cessation of Non-Executive Director |
| Additional Details |
| Name Of Person |
Hiromasa Yamamoto |
| Age |
61 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
01/10/2021 |
| Detailed Reason (s) for cessation |
Mr Hiromasa Yamamoto, who was nominated for appointment as Non-Executive Director by Hanwa Co., Ltd. ("Hanwa") pursuant to Clause 3 of the Strategic Alliance Agreement between the Company and Hanwa dated 1 December 2014, is resigning as Hanwa intends to nominate another Non-Executive Director for appointment to the Board. |
| 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 |
05/07/2019 |
| 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 |
1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Non-Executive Director
Nominating Committee ("NC") Member
Remuneration Committee ("RC") Member |
| Role and responsibilities |
As a member of the Board, the NC and the RC. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
Mr Hiromasa Yamamoto was nominated for appointment as a Non-Executive Director of the Company by Hanwa pursuant to the terms of the Strategic Alliance Agreement dated 1 December 2014 entered into between Hanwa and the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? |
No |
| Past (for the last 5 years) |
Hanwa Co., Ltd. |
| Present |
Hanwa Singapore Pte. Ltd.
Nippon EGalv Steel Sdn. Bhd.
Hanwa Steel Centre (M) Sdn. Bhd. |
