Change - Announcement Of Cessation Of Alternate Director

BackSep 10, 2021
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Sep 10, 2021 17:38
Status New
Announcement Sub Title Cessation of Alternate Director
Announcement Reference SG210910OTHR9AUO
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 Ng San Tiong as Alternate Director to Dr Steve Lai Mun Fook.
Additional Details
Name Of Person Ng San Tiong
Age 68
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, Dr Steve Lai Mun Fook, is able to and has committed to attend all the Company's meetings, it is no longer required to have Mr Ng San Tiong being his alternate director. Mr Ng San Tiong 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 28/04/2015
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 Dr Steve Lai Mun Fook
Role and responsibilities Fulfilling duties as Alternate Director to Dr Steve Lai Mun Fook
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 TH Investments Pte Ltd owns 29,486,148 shares in the Company, representing 28.68% in the interest of the issued share capital of the Company.

TH Investments Pte Ltd is wholly owned by Tat Hong Investments Pte Ltd, which in turn is wholly owned by Chwee Cheng & Sons Pte Ltd. 39.50% of the issued share capital of Chwee Cheng & Sons Pte Ltd is owned by Chwee Cheng Trust constituted under a trust deed. Mr Ng San Tiong, Mr Ng Sun Ho, Mr Ng San Wee and Mr Ng Sun Giam are the joint trustees of Chwee Cheng Trust.
Pursuant to Section 7 of the Companies Act, Cap. 50 (the "Act"), Mr Ng San Tiong has a deemed interest in Chwee Cheng Trust's 39.50% shareholding interest in Chwee Cheng & Sons Pte Ltd and a direct interest in Chwee Cheng & Sons Pte Ltd. Accordingly, Mr Ng San Tiong has a deemed interest in 28.68% of the issued share capital of the Company.
Past (for the last 5 years) Please refer to Appendix A.
Present Please refer to Appendix A.

Attachments

  1. Appendix A (Size: 89,375 bytes)