05 Apr 2021
Change - Announcement Of Retirement Of Independent Chairman
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 5, 2021 8:14 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Chairman |
| Announcement Reference | SG210405OTHRS2HZ |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Chairman, Chairman of Investment Committee and a Member of Audit Committee and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Colin Low |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2021 |
| Detailed Reason (s) for cessation | Mr Colin Low ("Mr Low") who is retiring pursuant to Regulation 115 of the Company's Constitution, will not be seeking re-election as Director at the Company's forthcoming Annual General Meeting to be held on 28 April 2021 so as to facilitate Board renewal in line with good governance practices. |
| 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)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Chairman, Chairman of Investment Committee and a Member of Audit Committee and Remuneration Committee |
| Role and responsibilities | Independent Chairman, Chairman of Investment Committee and a Member of Audit Committee and Remuneration Committee |
| 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) | 1. OSIM Limited 2. Cancer Treatment Centres of America (USA) 3. Singapore Investment Development Corporation Pte. Ltd. |
| Present | 1. Insead University - South East Asia Council 2. BLG Capital Advisors Asia Pte Ltd 3. AET-Tankers Pte. Ltd. 4. AET-Tankers Sdn Bhd 5. Kacific Broadband Satellites Group Ltd. |