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| 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