Change - Announcement Of Retirement Of Independent Director

BackApr 05, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 5, 2021 8:19
Status New
Announcement Sub Title Retirement of Independent Director
Announcement Reference SG210405OTHRLT4W
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 Director, Chairman of the Nominating Committee and Remuneration Committee and a Member of the Audit Committee.
Additional Details
Name Of Person Shabbir H. Hassanbhai
Age 74
Is effective date of cessation known? Yes
If yes, please provide the date 28/04/2021
Detailed Reason (s) for cessation Mr Shabbir H. Hassanbhai ("Mr Shabbir") 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 16/08/2013
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 Director, Chairman of Nominating Committee and Remuneration Committee and a Member of Audit Committee
Role and responsibilities Independent Director, Chairman of Nominating Committee and Remuneration Committee and a Member of 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? No
Past (for the last 5 years) 1. Dynamic Colours Limited
2. Gateway Rail Freight Pvt Ltd
3. Hakimuddin & Sons Pte Ltd
4. Chandra CFS and Terminal Operations Private Limited
Present 1. Indo Straits Trading Co Pte Ltd
2. Hassanbhai Realty Pte Ltd
3. Zee Chin & Co Pte Ltd
4. Creative Arts & Culture Ltd
5. ITE Education Services Pte Ltd
6. MENDAKI Social Enterprise Network Singapore Pte Ltd
7. Collab Consultants Pte Ltd
8. Gateway Distriparks Limited
9. Gateway Distriparks (South) Pvt Ltd
10. Gateway East India Pvt Ltd
11. Gateway Distriparks (Kerala) Limited
12. Snowman Logistics Limited
13. Al Badawi General Trading LLC
14. Singapore Indian Development Association (SINDA)
15. Singapore Indian Education Trust
16. Singapore Turf Club
17. Indian Business Leaders Roundtable, Singapore Business Federation
18. Andhra Pradesh-Singapore Business Council, Singapore Business Federation
19. India-Singapore CEO Forum, Singapore Business Federation
20. Singapore Indian Fine Arts