Change - Announcement of Cessation::Retirement of Lead Independent Director - David Yeung

Issuer & Securities

Issuer/ Manager
SOUTHERN PACKAGING GROUP LIMITED
Securities
SOUTHERN PACKAGING GROUP LTD - SG1CG0000009 - BQP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2024 19:55:07
Status
New
Announcement Sub Title
Retirement of Lead Independent Director - David Yeung
Announcement Reference
SG240411OTHRAJDK
Submitted By (Co./ Ind. Name)
Pan Shun Ming
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Yeung Koon Sang @ David Yeung as Lead Independent Director

Additional Details

Name Of Person
Yeung Koon Sang @ David Yeung
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr Yeung Koon Sang @ David Yeung ("Mr David Yeung") has served on the Board for more than 9 years since his appointment as a Director of the Company on 23 September 2004. As part of the Board renewal process and to comply with Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr David Yeung has indicated to the Board that he will not be seeking for re-election at the forthcoming Annual General Meeting to be held on 29 April 2024 ("AGM"). He will accordingly retire as an Independent Director of the Company upon conclusion of the AGM. Concurrently, Mr David Yeung will also cease as the Chairman of Audit and Remuneration Committees and member of the Nominating Committee on 29 April 2024.
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
23/09/2004
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)
2
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.)
Lead Independent Director, Chairman of the Audit and Remuneration Committees and member of the Nominating Committee
Role and responsibilities
Roles and responsibilities as Lead Independent Director, Chairman of the Audit and Remuneration Committees and member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Directorships
Ascent Bridge Limited
Citic Envirotech Pte. Ltd.
CNA Group Ltd.
Mary Chia Holdings Limited
Datapulse Technology Limited
Technicolour Asia Pacific Holdings Pte. Ltd.

Other Principal Commitments
Nil
Present
Directorships
Denison Gas Limited
Kreston David Yeung PAC
Daxin Yeung PAC
Daxin Consulting (S) Pte Ltd
Adex Management Pte. Ltd.
Pierce Holdings Pte. Ltd.
Quanfang TCM & Health Products Pte. Ltd.
Ipetmart Pte. Ltd.

Other Principal Commitments
Nil