| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2024 18:10 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Director |
| Announcement Reference | SG240429OTHRG47Y |
| Submitted By (Co./ Ind. Name) | Eunice Hooi |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Director |
| Additional Details | |
| Name Of Person | Oh Eng Bin, Kenneth |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2024 |
| Detailed Reason (s) for cessation | As part of the board renewal process, Mr Oh Eng Bin, Kenneth who has served as an Independent Director for a consecutive 9 years, has resigned as an Independent Director. Consequent to his resignation as an Independent Director, he will also be vacating his positions as Chairman of the Remuneration Committee and member of the Audit and Nominating Committees. |
| 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 | 14/01/2014 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Remuneration Committee and member of the Audit and Nominating Committees |
| Role and responsibilities | Independent 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) | Nil |
| Present | - Sapphire Corporation Limited - Encapture Pte Ltd - Altstake Pte Ltd - Propinuity Investments Ltd |