Change - Announcement Of Resignation Of Independent Non-Executive Director
BackJul 28, 2017
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 28, 2017 19:08 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-executive Director |
| Announcement Reference | SG170728OTHRZ7CR |
| 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 Independent Non-executive Director |
| Additional Details | |
| Name Of Person | Michael Hwang |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/08/2017 |
| Detailed Reason (s) for cessation | Dr Hwang has resigned as part of the renewal process 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 | 01/01/2006 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director and Member of the Audit Committee |
| Role and responsibilities | Independent Non-Executive Director and Member 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 | 100,000 units in Starhill Global Real Estate Investment Trust |
| Past (for the last 5 years) | - |
| Present | Singapore Dance Theatre Limited Linyi Investments Pte Ltd Memories of the East Pte Ltd RHT Health Trust Manager Pte Ltd Michael Hwang Chambers LLC Justinian Private Limited |
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