Change - Announcement Of Cessation Of Alternate Director

BackSep 10, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Sep 10, 2021 17:35
Status New
Announcement Sub Title Cessation of Alternate Director
Announcement Reference SG210910OTHRSWTA
Submitted By (Co./ Ind. Name) Josephine Toh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Cessation of Mr Chew Leong Chee as Alternate Director to Mr Charlie Ng How Kiat
Additional Details
Name Of Person Chew Leong Chee
Age 75
Is effective date of cessation known? Yes
If yes, please provide the date 10/09/2021
Detailed Reason (s) for cessation In view that the principal Director, Mr Charlie Ng How Kiat, is able to and has committed to attend all the Company's meetings, it is no longer required to have Mr Chew Leong Chee being his alternate director. Mr Chew Leong Chee therefore steps down from the Board by way of resignation as an Alternate Director of the Company.
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 07/12/2012
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 3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Alternate Director to Mr Charlie Ng How Kiat
Role and responsibilities Fulfilling duties as Alternate Director to Mr Charlie Ng How Kiat
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 Mr Chew Leong Chee ("Mr Chew") owns 25% direct interest and 30% indirect interest through his spouse, Dr Melanie Chew Ng Fung Ning ("Dr Melanie Chew") in Resource Pacific Holdings Pte. Ltd. ("RPHPL"). Mr Chew also owns 38.01% interest in Asia Resource Corporation Pte. Ltd. ("ARCPL").
RPHPL owns 42.72% interest in ARCPL. ARCPL owns 84.10% interest in Macondray Holdings Pte. Ltd. ("MHPL"). MHPL owns 100% interest in Amtrek Investment Pte. Ltd. ("AIPL"). Pursuant to Section 7 of the Act, Mr Chew is deemed to be interested in the shares held by AIPL in the Company.
Dr Melanie Chew owns 30% direct interest in RPHPL. RPHPL owns 42.72% interest in ARCPL. ARCPL owns 84.10% interest in MHPL. MHPL owns 100% interest in AIPL. Pursuant to Section 7 of the Act, Dr Melanie Chew is deemed to be interested in the shares held by AIPL in the Company.
Past (for the last 5 years) Please refer to Appendix A.
Present Please refer to Appendix A.

Attachments

  1. Appendix A (Size: 72,339 bytes)