| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 6, 2023 17:27 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Koh Poh Tiong as an Independent Director |
| Announcement Reference | SG230406OTHROQVY |
| Submitted By (Co./ Ind. Name) | Siau Kuei Lian |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the below information. |
| Additional Details | |
| Name Of Person | Koh Poh Tiong |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/04/2023 |
| Detailed Reason (s) for cessation | As part of the Board rejuvenation process and good governance practice, Mr Koh Poh Tiong ("Mr Koh") will be retiring as an Independent Director of the Company pursuant to Regulation 104 of the Company's Constitution at the conclusion of the Company's Annual General Meeting to be held on 25 April 2023. Accordingly, he shall relinquish his position as Chairman of Remuneration Committee ("RC"), member of Audit Committee ("AC"), member of Nominating Committee ("NC"), member of Risk Management Committee ("RMC") and member of Market Sustainability and Strategy Committee ("MSSC"). The Company would like to express its gratitude and appreciation towards Mr Koh's valuable contributions to the Board during his tenure. |
| 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 | 19/12/2011 |
| 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) | 0 |
| 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.) | Independent Director, Chairman of RC, member of AC, member of NC, member of RMC and member of MSSC |
| Role and responsibilities | Non-Executive |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | The Great Eastern Life Assurance Company Limited SATS Ltd Unitted Engineers Limited The National Kidney Foundation Singapore Kindness Movement Bukit Four Pte. Ltd. Bukit Three Pte. Ltd. Yunnan Yulinquan Liquor Company Limited Raffles Medical Group Ltd |
| Present | Bukit Sembawang Estates Limited Fraser and Neave, Limited Saigon Beer Alcohol Beverage Corporation BeerCo Limited Great Eastern General Insurance (Malaysia) Berhad Great Eastern Life Assurance (Malaysia) Berhad Times Publishing Limited Asia Breweries Limited Sembawang Estattes (Private) Limited Singapore United Estates (Private) Limited Bukit Sembawang View Pte. Ltd. Paterson Collection Pte. Ltd. Paterson One Pte. Ltd. BSEL Development Pte. Ltd. Bukit Sembawang Land Pte. Ltd. Bukit Two Pte. Ltd. Bukit One Pte. Ltd. |