Change - Announcement of Cessation::Retirement of Mr Chan Ching Chuen as an Independent Director

Issuer & Securities

Issuer/ Manager
AZEUS SYSTEMS HOLDINGS LTD.
Securities
AZEUS SYSTEMS HOLDINGS LTD. - BMG075391109 - BBW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jul-2024 20:04:25
Status
New
Announcement Sub Title
Retirement of Mr Chan Ching Chuen as an Independent Director
Announcement Reference
SG240730OTHRTXEL
Submitted By (Co./ Ind. Name)
Lee Wan Lik
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chan Ching Chuen as an Independent Director of the Company.

Additional Details

Name Of Person
Chan Ching Chuen
Age
89
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2024
Detailed Reason (s) for cessation
Mr Chan Ching Chuen ("Mr Chan") have served as an Independent Director of the Company for more than nine years from his first appointment on 1 February 2008. In line with the listing rule requirements announced on 11 January 2023 by the Singapore Exchange Regulation limiting the tenure of independent directors to 9 years, Mr Chan is not seeking re-election at the 2024 Annual General Meeting ("AGM") and is retiring as the Director and concurrently relinquish his position as the Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee at the conclusion of the 2024 AGM.

The Board of Directors would like to express its gratitude and appreciation to Mr Chan for his invaluable contributions during his tenure as the directors over past 16 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
01/02/2008
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
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.)
Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Responsibilities as an Independent Director, Chairman of the Nominating Committee and a member of the Audit 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?
No
Past (for the last 5 years)
Nil
Present
Honorary Professor at Hong Kong University - Department of Electrical and Electronics Engineering. (2002 to present)

Distinguished Chair Professor of Hong Kong Polytechnic University (September 2023 to present)