Change - Announcement of Cessation::Cessation of Director - Dr Joseph Yeong Wee Yong
Issuer & Securities
SING INVESTMENTS & FINANCE LIMITED
SING INVESTMENTS & FINANCE LTD - SG1S02002305 - S35
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Director - Dr Joseph Yeong Wee Yong
Submitted By (Co./ Ind. Name)
CHAN KUM KIT
JOINT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr Joseph Yeong Wee Yong as Non-Executive and Non-Independent Director, who is also Chairman of Risk Management Committee and a member of Remuneration Committee and Loan Committee.
Name Of Person
Joseph Yeong Wee Yong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Dr Joseph Yeong Wee Yong has decided to retire as Director at the conclusion of the Company's Annual General Meeting ("AGM") on 24 April 2019, after having served as a Director of the Company for 22 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
Dr Joseph Yeong Wee Yong will be succeeded as Chairman of Risk Management Committee by Mr Michael Lau Hwai Keong who is a Non-Executive and Independent Director. Please refer to the separate announcement on changes in composition of the Board and Board Committees for further details.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, Chairman of Risk Management Committee, Member of Remuneration Committee and Loan Committee.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
SGP International Management Academy (S) Pte Ltd
Sima Holdings Pte Ltd
WY Yeong Consultants Pte Ltd
Ascensia Education Group Pte Ltd
Ascensia Academy Pte Ltd
Ascensia Learning Centre Pte Ltd
Singapore Clinical Research Institute Pte Ltd