| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 24, 2023 17:36 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF DR WEE CHO YAW AS CHAIRMAN AND DIRECTOR |
| Announcement Reference | SG230224OTHR9EAL |
| 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 Dr Wee Cho Yaw as Chairman and Director of the Company |
| Additional Details | |
| Name Of Person | Wee Cho Yaw |
| Age | 94 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/03/2023 |
| Detailed Reason (s) for cessation | As part of the Board's succession planning, Dr Wee Cho Yaw will retire after having served on the Board for 3 decades. |
| 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? | Yes |
| If Yes, Please provide full details | Dr Wee will be appointed as Chairman Emeritus and Honorary Adviser with effect from his retirement as Chairman of the Board. |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 26/06/1992 |
| 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) | 5 |
| 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.) | Chairman, Non-Executive and Non-Independent Director |
| Role and responsibilities | Chairman of the Board |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Dr Wee Cho Yaw is a substantial shareholder of the Company, the father of Mr Wee Ee Lim, a Non-Executive and Non-Independent Director of the Company, and grandfather of Mr Eu Zai Jie, Jonathan, the Chief Executive Officer and an Executive and Non-Independent Director of the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed : 721,582,791 |
| Past (for the last 5 years) | Please refer to Appendix A attached. |
| Present | Please refer to Appendix A attached. |
Attachments
