Change - Announcement Of Resignation Of Lead Independent Non-Executive Director And Chairman Of Audit Committee
BackDec 01, 2016
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 1, 2016 17:55 |
| Status | New |
| Announcement Sub Title | Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee |
| Announcement Reference | SG161201OTHR74ZB |
| Submitted By (Co./ Ind. Name) | Lam Chee Kin |
| Designation | Joint Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Lead Independent Non-Executive Director and Chairman of Audit Committee |
| Additional Details | |
| Name Of Person | Hong Hai |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/02/2017 |
| Detailed Reason (s) for cessation | Dr Hong has resigned to facilitate a progressive renewal of the Board in view of new regulations of The Monetary Authority of Singapore (to take effect no later than the first annual general meeting relating to financial years ending on or after 31 December 2016) that an independent director of the manager of a Real Estate Investment Trust should not have served for a continuous period of 9 years or longer. |
| 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 | 18/07/2005 |
| 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) | 2 |
| 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 Non-Executive Director and Chairman of the Audit Committee |
| Role and responsibilities | Lead Independent Non-Executive Director and Chairman of the Audit Committee |
| 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 | 800,000 units in Starhill Global Real Estate Investment Trust |
| Past (for the last 5 years) | Luye Pharma Ltd Nanyang Academy of Fine Arts China Merchants Holdings (Pacific) Limited |
| Present | Poh Tiong Choon Logistics Limited Renhai Corporation Pte Ltd Asiamedic Ltd |
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