Change - Announcement Of Retirement Of Independent Chairman

BackApr 05, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 5, 2021 8:14
Status New
Announcement Sub Title Retirement of Independent Chairman
Announcement Reference SG210405OTHRS2HZ
Submitted By (Co./ Ind. Name) Josephine Toh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Retirement of Independent Chairman, Chairman of Investment Committee and a Member of Audit Committee and Remuneration Committee.
Additional Details
Name Of Person Colin Low
Age 59
Is effective date of cessation known? Yes
If yes, please provide the date 28/04/2021
Detailed Reason (s) for cessation Mr Colin Low ("Mr Low") who is retiring pursuant to Regulation 115 of the Company's Constitution, will not be seeking re-election as Director at the Company's forthcoming Annual General Meeting to be held on 28 April 2021 so as to facilitate Board renewal in line with good governance practices.
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 28/04/2015
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) 1
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.) Independent Chairman, Chairman of Investment Committee and a Member of Audit Committee and Remuneration Committee
Role and responsibilities Independent Chairman, Chairman of Investment Committee and a Member of Audit Committee and Remuneration 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? No
Past (for the last 5 years) 1. OSIM Limited
2. Cancer Treatment Centres of America (USA)
3. Singapore Investment Development Corporation Pte. Ltd.
Present 1. Insead University - South East Asia Council
2. BLG Capital Advisors Asia Pte Ltd
3. AET-Tankers Pte. Ltd.
4. AET-Tankers Sdn Bhd
5. Kacific Broadband Satellites Group Ltd.