Announcement Title | Change - Announcement of Cessation |
Date & Time of Broadcast | Oct 29, 2021 19:34 |
Status | New |
Announcement Sub Title | Resignation of Independent Non-executive Director |
Announcement Reference | SG211029OTHRL1YQ |
Submitted By (Co./ Ind. Name) | Koh Kai Kheng Irene |
Designation | Group Financial Controller |
Effective Date and Time of the event | 01/11/2021 08:00:00 |
Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Non-executive Director |
Additional Details | |
Name Of Person | Tan Huay Lim |
Age | 64 |
Is effective date of cessation known? | Yes |
If yes, please provide the date | 01/11/2021 |
Detailed Reason (s) for cessation | Mr. Tan Huay Lim wishes to resign as he would like to focus on his duties as director of other companies and to spend more time on personal matters. Following the aforesaid resignation, Mr. Tan will relinquish his position as the Lead Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees 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 | 13/08/2019 |
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 | 0 |
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of Audit Committee and member of Nominating and Remuneration Committees |
Role and responsibilities | Non-executive Director, Lead Independent Director and Chairman of Audit Committee and member of Nominating and Remuneration Committees |
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
Shareholding interest in the listed issuer and its subsidiaries? | Yes |
Shareholding Details | Mr. Tan currently has the following interests (under the name of a nominee) in the Company: i) S$671,250 Series 007 Notes (comprising 0.5% of the current outstanding principal amount of the Series 006 and Series 007 Notes of S$134.25 million); and ii) 1,734,375 Warrants (assuming if all current 565,770,713 Warrants are converted into shares, this would represent 0.14% of the enlarged share capital of the Company). Mr. Tan's interest in the Notes and Warrant was acquired prior to his appointment as director of the Company. |
Past (for the last 5 years) | Singapore Hokkien Huay Kuan Hong Leong Asia Ltd. Auric Pacific Group Limited Ren Ci Hospital Xihe Holdings (Pte) Ltd Xihe Capital (Pte.) Ltd. |
Present | Zheneng Jinjiang Environment Holding Company Limited Dasin Retail Trust Management Pte. Ltd., the manager of Dasin Retail Trust Koufu Group Limited Elite Commercial REIT Management Pte. Ltd., the manager of Elite Commercial REIT Linklogis Inc. SF REIT Asset Management Limited, the manager of SF Real Estate Investment Trust Green Link Digital Bank Pte. Ltd. |