| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 1, 2020 18:00 |
| Status | New |
| Announcement Sub Title | Retirement of President & Chief Executive Officer, Executive and Non-Independent Director |
| Announcement Reference | SG200701OTHRS75F |
| Submitted By (Co./ Ind. Name) | Teo Hwee Ping |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Lim Hock San as President & CEO, Executive and Non-Independent Director. |
| Additional Details | |
| Name Of Person | Lim Hock San |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/09/2020 |
| Detailed Reason (s) for cessation | Retirement from the position of President & Chief Executive Officer on 30 September 2020. Please refer to the Company's other announcement today relating to the subject matter. |
| 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 | 01/04/1992 |
| 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) | 6 |
| 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.) | President & Chief Executive Officer, Executive and Non-Independent Director |
| Role and responsibilities | As the President & Chief Executive Officer, Mr Lim Hock San has full executive responsibilities to manage the business of United Industrial Corporation Limited ("UIC Ltd") and its subsidiaries, and to develop and implement Board's approved strategies. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | UIC Ltd - 275,863 shares - 1,120,000 share options |
| Past (for the last 5 years) | Nil |
| Present | Please see Appendix A |
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