Change - Announcement of Cessation::Retirement of Director

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-May-2022 17:17:12
Status
New
Announcement Sub Title
Retirement of Director
Announcement Reference
SG220527OTHRWDF4
Submitted By (Co./ Ind. Name)
Liang Kaiting, Kalyn
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited (the "Company") wishes to announce the retirement of Mr Tan Tiong Cheng as a Director of the Company, with effect from 27 May 2022.

Additional Details

Name Of Person
Tan Tiong Cheng
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
27/05/2022
Detailed Reason (s) for cessation
Mr Tan Tiong Cheng ("Mr Tan") has retired from the Board effective from 27 May 2022 to pursue his personal work commitments and to facilitate Board renewal. Following his retirement, Mr Tan will also cease to be the Chairman of the Remuneration Committee ("RC") and member of the Audit & Risk Committee ("ARC").
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
29/05/2013
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)
4
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.)
Non-Executive and Independent Director, Chairman of the RC and member of the ARC.
Role and responsibilities
Non-Executive and Independent Director, Chairman of the RC and member of the ARC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
UOL Group Limited - 120,528 shares
Past (for the last 5 years)
1) Knight Frank Asia Pacific (Senior Adviser) (till April 2020)
2) Knight Frank Asia Pacific (President) (till March 2019)
3) Knight Frank Pte Ltd (Chairman) (till March 2017)
4) Knight Frank group of companies (till March 2017)
5) Heeton Holdings Limited (till April 2022)
6) Amara Holdings Limited (till April 2022)
Present
1) The Straits Trading Company Limited
2) Straits Real Estate Pte. Ltd.