Change - Announcement of Cessation::Retirement of Non-Executive and Lead Independent Director at the Annual General Meeting

Issuer & Securities

Issuer/ Manager
GEO ENERGY RESOURCES LIMITED
Securities
GEO ENERGY RESOURCES LIMITED - SG2F24986083 - RE4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2023 18:25:22
Status
New
Announcement Sub Title
Retirement of Non-Executive and Lead Independent Director at the Annual General Meeting
Announcement Reference
SG230426OTHR7S1M
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive and Lead Independent Director at the Annual General Meeting

Additional Details

Name Of Person
SOH CHUN BIN
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Mr. Soh Chun Bin ("Chun Bin") has decided not to seek re-election at the Annual General Meeting held on 28 April 2023 and retires as Non-Executive and Lead Independent Director.

Following his retirement, Chun Bin will cease to be the Chairman of the Nominating Committee, member of the Audit and Risk and Remuneration Committees.

This is in line with the Company's Board transition plan, following the new listing rules announced on 11 January 2023 by the Singapore Exchange Regulation on limiting the tenure of independent directors to nine years.
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
25/09/2012
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)
3
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.)
Lead Independent Director, Chairman of Nominating Committee, member of Audit and Risk Committee and Remuneration Committee
Role and responsibilities
Lead Independent Director, Chairman of Nominating Committee, member of Audit and Risk Committee and Remuneration Committee
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
Direct Interest: 1,000,000 ordinary shares in Geo Energy Resources Limited
Other Directorships
Past (for the last 5 years)
7Five Capital Pte. Ltd.
Cloudzen Pte Ltd
DORR Global Healthcare Fund Pte. Ltd.
Jiangxi Jiangling Chassis Co., Ltd.
MNC Energy Pte Ltd
Victoria Medical Beauty Group Pte Ltd
XORO Capital Pte Ltd
Asia East Africa Pte Ltd
ZICO Insights Law
Present
Cloudzen Alpha Pte Ltd
Triyards Holdings Limited
ISOTeam Ltd.
Lorenzo International Limited
Seven5 Capital Pte. Ltd.
Hazon Capital Pte Ltd
Icon Law LLC

Attachments

GEO SGX Announcement Retirement of Director - Soh Chun Bin.pdf
Total size =75K