| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 5, 2024 18:36 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Davinder Singh S/O Amar Singh as a Non-Executive Non-Independent Director |
| Announcement Reference | SG240405OTHRWA8R |
| 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 | Davinder Singh S/O Amar Singh |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/04/2024 |
| Detailed Reason (s) for cessation | As part of the Board rejuvenation process and good governance practice, Mr Davinder Singh S/O Amar Singh ("Davinder") has asked to retire and will be retiring as a Non-Executive Non-Independent Director of the Company pursuant to Regulation 104 of the Company's Constitution at the conclusion of the Company's forthcoming Annual General Meeting to be held on 23 April 2024. Accordingly, he shall relinquish his position as member of the Nominating Committee and Remuneration Committee. The Company would like to express its gratitude and appreciation towards Davinder'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 | 12/06/2001 |
| 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) | 1 |
| 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.) | Non-Executive Non-Independent Director and Member of the Nominating Committee and Remuneration Committee |
| 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? | Yes |
| Shareholding Details | 100,000 ordinary shares in Delfi Limited |
| Past (for the last 5 years) | PSA International Pte Ltd |
| Present | Delfi Limited Davinder Singh Chambers LLC Singapore International Arbitration Centre Singapore International Mediation Centre Ramsgate Capital Pte Ltd Other Principal Commitments Nil |