News
Change - Announcement Of Cessation Of Non-Independent Non-Executive Director
16 Apr 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 16, 2024 17:43 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Independent Non-Executive Director |
| Announcement Reference | SG240416OTHR9HHO |
| 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 resignation of Mr. Lwi Tong Boon as Non-Independent Non-Executive Director of the Company with effect from 16 April 2024. |
| Additional Details | |
| Name Of Person | Lwi Tong Boon |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 16/04/2024 |
| Detailed Reason (s) for cessation | Mr. Lwi Tong Boon ( "Mr. Lwi" ) has relinquished his position as a Director to enhance the number of independent directors on the Board. Following Mr. Lwi's cessation as a Director, he will also cease to be a member of the Audit Committee and 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 | 15/06/2022 |
| 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-Independent Non-Executive Director, Member of Audit and Remuneration 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 in Procurri Corporation Limited |
| Past (for the last 5 years) | DHOST GLOBAL INC INCLUDING DHOST GLOBAL INC (SINGAPORE BRANCH) |
| Present | ASCENT SOLUTIONS PTE LTD ACCITIUS SERVICES PTE LTD SMMZ PTE LTD MACH STEVENS PTE LTD EIF GENERAL PARTNER PTE. LTD. EXEO INNOVATION FUND MANAGEMENT PTE. LTD. EIF INVESTMENT HOLDING PTE. LTD. EXEO GLOBAL VENTURES PTE. LTD. DHOST PHILIPPINES, INC DHOST PTE LTD |