| Announcement Title |
Change - Announcement of Cessation |
| Date & Time of Broadcast |
Oct 27, 2023 18:15 |
| Status |
New |
| Announcement Sub Title |
Cessation of Non-Executive Non-Independent Director |
| Announcement Reference |
SG231027OTHRJUB2 |
| 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 Non-Independent Director |
| Additional Details |
| Name Of Person |
Shiro Kanaya |
| Age |
63 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
01/11/2023 |
| Detailed Reason (s) for cessation |
Mr Shiro Kanaya, who was nominated for appointment as Non-Executive Non-Independent 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 to make way for the appointment of Mr Yasuhiko Watanabe as Non-Executive Non-Independent Director pursuant to his nomination by Hanwa for appointment to the Board. Please refer to the announcement dated today for further information on Mr Yasuhiko Watanabe. |
| 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 |
01/10/2021 |
| 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) |
4 |
| 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 Non-Independent Director
Member of the Remuneration Committee ("RC")
Member of the Nominating Committee ("NC") |
| Role and responsibilities |
As member of the Board, RC and NC |
| 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) |
Nil |
| Present |
Nil |
