News
28 Apr 2017
Change - Announcement Of Retirement Of An Independent Director Who Is The Chairman Of The Audit Committee
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 28, 2017 17:55 |
| Status | New |
| Announcement Sub Title | Retirement of an Independent Director who is the Chairman of the Audit Committee |
| Announcement Reference | SG170428OTHRKN04 |
| Submitted By (Co./ Ind. Name) | Fang Ming |
| Designation | Executive Chairman and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Retirement of an Independent Director who is the Chairman of the Audit Committee |
| Additional Details | |
| Name Of Person | Christopher Chong Meng Tak |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2017 |
| Detailed Reason (s) for cessation | Mr Christopher Chong is subject to retirement pursuant to Article 106 of the Company's Constitution and did not wish to seek re-election. Accordingly, he retired at the conclusion of the Annual General Meeting and stepped down as the Lead Independent Director and Chairman of the Audit and Nominating Committees. |
| 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 | 19/12/2007 |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director and Chairman of the Audit and Nominating Committees. |
| 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) | (1) Lorenzo International Limited (2) Koon Holdings Limited (3) Koda Ltd (4) Xpress Holdings Limited (5) ACH Ventures Ltd |
| Present | (1) ASL Marine Holdings Ltd (2) GLG Corp Ltd (3) Forise International Limited (Formerly known as Great Group Holdings Limited) (4) Emerging Towns & Cities (Singapore) Limited (Formerly known as Cedar Strategic Holdings Ltd.) (5) Singapore O&G Limited |