Change - Announcement of Cessation::Cessation of Chairman of the Board and Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
FRASER AND NEAVE LIMITED.
Securities
FRASER AND NEAVE, LIMITED - SG1T58930911 - F99
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Dec-2024 07:35:20
Status
New
Announcement Sub Title
Cessation of Chairman of the Board and Non-Independent Non-Executive Director
Announcement Reference
SG241224OTHR837H
Submitted By (Co./ Ind. Name)
Samuel Lee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chairman of the Board and Non-Independent and Non-Executive Director.

Additional Details

Name Of Person
Charoen Sirivadhanabhakdi
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
16/01/2025
Detailed Reason (s) for cessation
Mr Charoen will retire from office at the conclusion of the Annual General Meeting of the Issuer to be held on 16 January 2025 ("2025 AGM"), and will be appointed as Chairman Emeritus with effect from the conclusion of the 2025 AGM.
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?
Yes
If Yes, Please provide full details
With effect from the conclusion of the 2025 AGM, Mr Koh Poh Tiong, who has served as a Non-Independent and Non-Executive Director and as Adviser to the Board since 3 April 2013, will take over as Chairman of the Board, and Mr Thapana Sirivadhanabakdi will be appointed as Vice-Chairman of the Board.
Date of Appointment to current position
28/02/2013
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)
2
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.)
Chairman of the Board
Role and responsibilities
Chairman of the Board and Non-Independent and Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Charoen is the father of Mr Thapana Sirivadhanabhakdi, a Non-Independent and Non-Executive Director of the Issuer.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest in:
- 1,270,503,884 shares in the Issuer
- 203,470,910 shares in Fraser & Neave Holdings Bhd, a Bursa Malaysia-listed subsidiary of the Issuer
Past (for the last 5 years)
Listed companies
Nil

Others
Beer Thai (1991) Public Company Limited (Chairman)
Red Bull Distillery Group of Companies (Chairman)
Southeast Corporation Co., Ltd. (formerly known as Southeast Group Co., Ltd.) (Chairman)
Present
Listed companies
Asset World Corp Public Company Limited (Chairman) Berli Jucker Public Company Limited (Chairman)
Frasers Property Limited (Chairman)
Thai Beverage Public Company Limited (Chairman/Executive Chairman)
Thai Group Holdings Public Company Limited (Chairman)

Others
International Beverage Holdings Limited (Chairman)
Siriwana Co., Ltd. (Chairman)
Sura Bangyikhan Group of Companies (Chairman)
Charoenwannasiri Co., Ltd. (formerly known as TCC Asset World Corporation Limited) (Chairman)
TCC Corporation Limited (Chairman)
TCC Group of Companies (Chairman)
TCC Land Co., Ltd. (Chairman)