| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 2, 2024 7:27 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG240402OTHR4VQ1 |
| Submitted By (Co./ Ind. Name) | Or Toh Wat |
| Designation | Group Managing Director |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director - Mr Nirumalan s/o V Kanapathi Pillai |
| Additional Details | |
| Name Of Person | Nirumalan s/o V Kanapathi Pillai |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/04/2024 |
| Detailed Reason (s) for cessation | Mr Nirumalan s/o V Kanapathi Pillai has served on the Board for more than nine years and will cease to be considered independent upon the conclusion of the Company's Annual General Meeting to be held on 23 April 2024, pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the Singapore Exchange Securities Trading Limited. Mr Pillai has informed the Board of his wish to retire from office at the close of the said Annual General Meeting. Upon his retirement, he will cease to be an Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. |
| 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 | 01/06/2005 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Remuneration Committee and member of the Audit Committee and Nominating Committee |
| Role and responsibilities | Duties of the Independent Director, Chairman of the Remuneration Committee and member of the Audit Committee and Nominating Committee |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Niru & Co LLC |