Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
CHASEN HOLDINGS LIMITED
Securities
CHASEN HOLDINGS LIMITED - SG1X55941717 - 5NV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jul-2024 17:52:16
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240715OTHRVMAG
Submitted By (Co./ Ind. Name)
Low Weng Fatt
Designation
Managing Director and CEO
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Name Of Person
Chew Mun Yew
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2024
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and good governance practice, Mr Chew Mun Yew ("Mr Chew") will be retiring as an Independent Director of the Company pursuant to Regulation 110 of the Company's Constitution at the conclusion of the Company's forthcoming Annual General Meeting to be held on 30 July 2024.

Accordingly, he shall relinquish his position as Chairman of Remuneration Committee, and member of the Audit Committee and Nominating Committee.

The Company would like to express its gratitude and appreciation towards Mr Chew's valuable contributions to the Board during his tenure.
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
05/08/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee, and member of Audit Committee and Nominating Committee
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)
Directorship
Nil

Other Principal Commitments
Nil
Present
Directorship
Nil

Other Principal Commitments
Nil