| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 14, 2025 17:27 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG250414OTHRCDHV |
| Submitted By (Co./ Ind. Name) | Liew Lan Hing |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Ms Chan Swee Liang Carolina as an Independent Non-Executive Director of the Company at the conclusion of the Fortieth Annual General Meeting of the Company. Concurrent with her retirement, Ms Chan has ceased to be the Lead Independent Director, Chairman of the Nominating Committee and a member of the Audit and Risk Committee. |
| Additional Details | |
| Name Of Person | Chan Swee Liang Carolina |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 14/04/2025 |
| Detailed Reason (s) for cessation | Retired by rotation pursuant to Regulation 112 of the Company's Constitution and did not seek re-election. |
| 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 | 01/05/2018 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of the Nominating Committee and a member of the Audit and Risk Committee. |
| Role and responsibilities | Non-Executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 375,000 |
| Past (for the last 5 years) | Nil |
| Present | 1. City Developments Limited (Independent Non-Executive Director) 2. CGS International Securities Singapore Pte. Ltd. (Executive Director) 3. CGS International Consultants Singapore Pte. Ltd. (Non-Executive Director) 4. CGS International Securities Pte. Ltd. (Executive Director) 5. CGS International Securities Hong Kong Limited (Non-Executive Director) 6. CGS-CIMB Securities (India) Private Limited (Non-Executive Director) 7. CGS International Securities (Thailand) Co., Ltd (Non-Executive Director) 8. CGS International Securities Malaysia Sdn. Bhd. (Non-Executive Director) 9. PT CGS International Sekuritas Indonesia (Commissioner) 10. Singapore Exchange Limited (Chairman, Securities Advisory Committee) 11. Vickers Venture Partners IV Ltd (Singapore) (Limited Partner) 12. Leukemia and Lymphoma Foundation (Non-Executive Director) 13. Securities Industry Development Corporation (Director) |