| Announcement Title |
Change - Announcement of Cessation |
| Date & Time of Broadcast |
Jul 5, 2019 18:58 |
| Status |
New |
| Announcement Sub Title |
Cessation of Non-Executive Director |
| Announcement Reference |
SG190705OTHRM0WV |
| Submitted By (Co./ Ind. Name) |
Ong Chin Sum |
| 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 |
Hiroshi Ebihara |
| Age |
64 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
05/07/2019 |
| Detailed Reason (s) for cessation |
Following Mr Hiroshi Ebihara s retirement as the Senor Managing Executive Officer, General Representative for Asia (ASEAN, India, Middle East) of Hanwa Co., Ltd. (Hanwa), a controlling shareholder of the Company, he will no longer be Hanwa's nominee on the Company's Board and will accordingly be resigning as Non-Executive Director of the Company. |
| 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 |
01/06/2015 |
| 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) |
3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months |
2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Non Executive Director
Nominating Committee Member
Remuneration Committee Member
|
| Role and responsibilities |
To perform the functions of a Non-Executive Director and a member of the Remuneration Committee and Nominating Committee. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
Mr Hiroshi Ebihara was nominated for appointment as a Director 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.
Hanwa Singapore (Pte) Ltd
Nippon EGalv Steel Sdn Bhd
Tianjin Bogang- Hanwa International Trading Co., Ltd.
Hanwa Trading (Shanghai) Co., Ltd.
Hanwa (Beijing) Co., Ltd.
Hanwa Co. (Hong Kong) Ltd.
|
| Present |
None |
