Change - Announcement of Cessation::Retirement of Independent & Non-executive Director

Issuer & Securities

Issuer/ Manager
MICRO-MECHANICS (HOLDINGS) LTD.
Securities
MICRO-MECHANICS (HOLDINGS) LTD - SG1O09910991 - 5DD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2024 17:28:48
Status
New
Announcement Sub Title
Retirement of Independent & Non-executive Director
Announcement Reference
SG241030OTHRTCG5
Submitted By (Co./ Ind. Name)
Wendy Tan Wei Lee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent & Non-executive Director

Additional Details

Name Of Person
Sumitri Mirnalini Menon @ Rabia
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2024
Detailed Reason (s) for cessation
As Ms Sumitri Mirnalini Menon @ Rabia ("Sumitri") has served as an Independent Director for more than nine (9) years from the date of her first appointment, she will cease to be independent pursuant to Rule 210(5)(d)(iii) of the Listing Manual of the SGX-ST which took effect from 1 January 2023. To facilitate Board renewal, Sumitri did not seek re-election as a Director of the Company at the AGM and ceased to be a Director of the Company at the conclusion of the Company's AGM on 30 October 2024.

Following her retirement, Sumitri concurrently relinquished her positions as Chairperson of the Board & Nominating Committee and a member of the Audit, Remuneration and Risk Management Committees of the Company.

The Board expresses its appreciation to Sumitri for her dedication and invaluable contribution during her tenure of service.
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
16/05/2003
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)
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.)
Chairperson of the Board & Nominating Committee and a member of the Audit, Remuneration and Risk Management Committees
Role and responsibilities
Chairperson of the Board & Nominating Committee and a member of the Audit, Remuneration and Risk Management Committees
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
- 200,000 ordinary shares (direct)

- 100,000 ordinary shares (deemed interest)
Past (for the last 5 years)
Lysi Strata Pte. Ltd.
Present
- Sarma Menon Pte. Ltd.

- Winstedt Clinic Pte. Ltd.