News
Change - Announcement Of Cessation Of Appointment Of Non-Executive And Independent Director
Aug 29, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 29, 2022 20:17 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG220829OTHRT3MB |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Chin Yoke Choong as a Non-Executive and Independent Director on the Board, the Chairman of the Audit, Risk and Compliance Committee and a member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Chin Yoke Choong |
| Age | 70 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/09/2022 |
| Detailed Reason (s) for cessation | Mr Chin has served as a Non-Executive and Independent Director of Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM"), the manager of Frasers Logistics & Commercial Trust ("FLCT") since 29 April 2020 and is retiring from the Board of FLCAM. The Board expresses its appreciation to Mr Chin for his dedication and invaluable contribution during his tenure of service. Mr Chin plans to take up other board and board committee appointments, and has decided to retire from FLCAM in order to better manage his time commitment. |
| 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 | 29/04/2020 |
| 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-Executive and Independent Director, the Chairman of the ARCC and a member of the NRC. |
| Role and responsibilities | As above. |
| 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 | Interest in units of FLCT: Direct: 136,082 Deemed: 100,000 |
| Past (for the last 5 years) | Please see attached. |
| Present | Please see attached. |
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