News
Change - Announcement Of Cessation Of Non-Independent Non-Executive Director
30 Nov 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 30, 2023 19:29 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Independent Non-Executive Director |
| Announcement Reference | SG231130OTHRX6TI |
| Submitted By (Co./ Ind. Name) | Mathew George Jordan |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors wishes to announce the cessation of Mr. Lim Swee Yong as Director with effect from 30 November 2023. |
| Additional Details | |
| Name Of Person | Lim Swee Yong |
| Age | 44 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/11/2023 |
| Detailed Reason (s) for cessation | Mr. Lim Swee Yong ( "Mr. Lim" ) has relinquished his position as a Director to focus on his other work commitments. Following Mr. Lim's cessation as a Director, he will also cease to be a member of the Audit Committee and the Nominating 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 | 09/11/2021 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director and member of the Audit and Nominating Committees. |
| Role and responsibilities | Non-Independent Non-Executive Director |
| 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? | Yes |
| Shareholding Details | 300,000 ordinary shares |
| Past (for the last 5 years) | FundTier Pte. Ltd. FundTier Holdings Pte. Ltd. 68 Systems & Project Engineering Pte Ltd |
| Present | Agridence Pte. Ltd. Agridence Rubber Pte. Ltd. Charged Asia Pte. Ltd. EXEO Global Ventures Pte. Ltd. EXEO Innovation Fund Management Pte. Ltd. EIF General Partner Pte. Ltd. EIF Investment Holding Pte. Ltd. Hexa Charge Pte. Ltd. |