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News

Change - Announcement Of Resignation Of Independent Non-Executive Director

BackJun 24, 2020
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jun 24, 2020 20:54
Status New
Announcement Sub Title RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference SG200624OTHRAXRP
Submitted By (Co./ Ind. Name) Celine Tang
Designation Group Managing Director
Description (Please provide a detailed description of the event in the box below) Resignation of Mr See as Independent Non-Executive Director.

Additional Details
Name Of Person SEE YEN TARN
Age 63
Is effective date of cessation known? Yes
If yes, please provide the date 24/06/2020
Detailed Reason (s) for cessation Mr See has resigned as an Independent Non-Executive Director as he wishes to focus on the increased workload of his full-time commitment at CSC Holding Limited. Following his resignation, he ceased as Chairman of the Nominating Committee and Member of Audit Committee and Remuneration Committee. The Board would like to extend its gratitude and appreciation to Mr. See for his invaluable contribution to SingHaiyi Group Ltd during his tenure of service.
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? Yes
If Yes, Please provide full details The Company is in the midst of sourcing for a candidate to replace Mr See as Independent Non-executive Director to fill the vacancy of the Board and Board Committees (Nominating, Remuneration and Audit Committees) in compliance with, inter alia, provisions 2.2, 2.3, 4.2, 6.2 and 10.2 of the Code of Corporate Governance 2018.

The Company will release the announcement on the appointment of the new Independent Non-executive Director in due course.
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of Appointment to current position 01/10/2015
Does the AC have a minimum of 3 members (taking into account this cessation)? No
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
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.) Independent Non-Executive Director, Chairman of Nominating Committee, Member of Audit Committee and Remuneration Committee
Role and responsibilities 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? No
Past (for the last 5 years) Please refer to Appendix A
Present Please refer to Appendix A

Attachments

  1. Appendix A (Size: 195,954 bytes)