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Change - Announcement Of Cessation Of Appointment Of Non-Executive And Independent Director
May 09, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 9, 2025 19:54 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG250509OTHR9V76 |
| 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 Goh Yong Chian as a Non-Executive and Independent Director of the Board of Directors of Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM", and the Board of Directors of FLCAM, the "Board"), the manager of Frasers Logistics & Commercial Trust, a member of each of the Audit, Risk and Compliance Committee and the Nominating and Remuneration Committee of FLCAM |
| Additional Details | |
| Name Of Person | Goh Yong Chian |
| Age | 80 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/05/2025 |
| Detailed Reason (s) for cessation | Mr Goh Yong Chian has served as a Non-Executive and Independent Director of FLCAM since 26 May 2016 and will reach the 9-year limit on the tenure for an independent director on 25 May 2025. He is retiring from the Board of FLCAM as part of the Board renewal process. The Board expresses its appreciation to Mr Goh for his dedication and invaluable contributions during his tenure of service. FLCAM is in the process of identifying a suitable candidate for the role of Independent Director and will issue an announcement in due course. |
| 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 | 26/05/2016 |
| 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 Member, Audit, Risk and Compliance Committee Member, Nominating and Remuneration Committee |
| 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: 800,000 Deemed: Nil |
| Past (for the last 5 years) | Nil |
| Present | Nil |
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