Change - Announcement Of Resignation Of Independent And Non-Executive Director

 

Announcement Title : Change - Announcement of Cessation
Date & Time of Broadcast : Apr 11, 2024 18:18
Status : New
Announcement Sub Title : Resignation of Independent and Non-Executive Director
Announcement Reference : SG240411OTHRV3SR
Submitted By (Co./ Ind. Name) : Ridwan Hamid
Designation : Executive Director, Group Business Support
Description (Please provide a detailed description of the event in the box below) : Resignation of Independent and Non-Executive Director
Additional Details
Name Of Person : Ng Chee Keong
Age : 75
Is effective date of cessation known? : Yes
If yes, please provide the date : 29/04/2024
Detailed Reason (s) for cessation : Ng Chee Keong has served on the Board as independent director for more than nine years from the date of his first appointment and pursuant to SGX Listing Rule 210(5)(d)(iv) which comes into effect on 11 January 2023, he will no longer be considered as independent upon the conclusion of the Company's Annual General Meeting ("AGM") to be held on 29 April 2024.

In line with the Board renewal process, the NC and Board has identified new independent directors to be appointed in place of Ng Chee Keong, and Ng Chee Keong will resign as independent director of the Company effective from the conclusion of the Company's AGM on 29 April 2024.
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 : 23/07/2014
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) : 5
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.) : Chairman of Nominating Committee, and a member of the Audit and Remuneration Committees
Role and responsibilities : Non-Executive and Independent
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) : Jurong Port Jakarta Holding Pte Ltd - Director
Jurong Port Marunda Holding Pte Ltd - Director
Jurong Port Pte Ltd - Chairman
Jurong Port Rizhao Holding Pte Ltd - Director
Jurong Port Hainan Holding Pte Ltd - Director
Rizhao Port Jurong Co Ltd - Independent Director
JTC Corporation - Board Member
Present : Mencast Holdings Ltd - Independent Director

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