| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 17, 2021 17:10 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive and Independent Director, Chairman of NC & Member of RC |
| Announcement Reference | SG211217OTHRNNGT |
| Submitted By (Co./ Ind. Name) | TEO HWEE PING |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Hwang Soo Jin as Non-Executive and Independent Director, Chairman of Nominating Committee and Member of Remuneration Committee |
| Additional Details | |
| Name Of Person | Hwang Soo Jin |
| Age | 85 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2021 |
| Detailed Reason (s) for cessation | Mr. Hwang Soo Jin has resigned from the Board to support the Board's plan to refresh the Board composition in line with the spirit of the Code of Corporate Governance. Following his resignation from the Board, Mr. Hwang Soo Jin will also cease to be 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 | 31/01/2003 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director, Chairman of Nominating Committee and Member of Remuneration Committee |
| Role and responsibilities | Non-Executive and Independent Director, Chairman of Nominating Committee and Member of Remuneration Committee |
| 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) | Appendix A |
| Present | Appendix A |
Attachments