Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
FORISE INTERNATIONAL LIMITED
Securities
FORISE INTERNATIONAL LIMITED - SG1Y70948001 - I5H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2019 17:34:21
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG190429OTHR3A0K
Submitted By (Co./ Ind. Name)
Peng Weile
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr San Meng Chee as Independent Director, Chairman of Remuneration Committee and member of Audit Committee and Nominating Committee.

Additional Details

Name Of Person
San Meng Chee
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2019
Detailed Reason (s) for cessation
To pursue personal interests.

Mr San Meng Chee was due to retire by rotation pursuant to the Company's Constitution at the Annual General Meeting ("AGM") on 29 April 2019. Mr San Meng Chee having reconsidered his decision, did not seek re-election at the Company's AGM.

Accordingly, Mr San Meng Chee retired as an Independent Director at the conclusion of the AGM and concurrently ceased to be Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee.
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
13/03/2014
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Chairman of Remuneration Committee and a member of Audit Committee and Nominating Committee.
Role and responsibilities
Non-executive, Independent Director and Chairman of Remuneration Committee and a member of Audit Committee and Nominating Committee.
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?
No
Past (for the last 5 years)
Alliance Innovative Solutions Pte. Ltd.
Singapore Pacific Investments Pte. Ltd.
New Toyo Lamination (M) Pte. Ltd.
Tien Wah Holdings (1990) Sdn Bhd
Mag Offshore Marine Pte Ltd
Present
Astaka Holdings Limited
Mencast Offshore & Marine Pte. Ltd.
Top Great Engineering & Marine Pte. Ltd.
S&W Pte. Ltd.
Mencast Energy Pte. Ltd.
Mencast Procurement (Singapore) Pte. Ltd.
Vac-Tech Engineering Pte. Ltd.
Mencast Engineering Pte. Ltd.
Mencast Investment Holdings Pte. Ltd.
Mencast-KSE Pte Ltd