Change - Announcement of Cessation::Cessation of Independent Non-Executive Director and Chairman of GuocoLand Limited

Issuer & Securities

Issuer/ Manager
GUOCOLAND LIMITED
Securities
GUOCOLAND LIMITED - SG1R95002270 - F17
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Oct-2022 22:16:00
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director and Chairman of GuocoLand Limited
Announcement Reference
SG221014OTHRZXG9
Submitted By (Co./ Ind. Name)
Mary Goh Swon Ping
Designation
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement as Independent Non-Executive Director and Chairman of GuocoLand Limited

Additional Details

Name Of Person
Moses Lee Kim Poo
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
14/10/2022
Detailed Reason (s) for cessation
Mr Moses Lee retired by rotation at the Company's Annual General Meeting held on 14 October 2022 ("AGM") and did not seek re-election, having served on the Board for almost 9 years since 1 November 2013. Accordingly, Mr Lee has ceased to be Director as well as Chairman of the Company and the Board at the conclusion of the AGM.
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
01/11/2013
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Chairman of the Company
Role and responsibilities
The Chairman leads the Board and ensures its smooth and effective functioning.
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
Other Directorships
Past (for the last 5 years)
M1 Limited
Sentosa Development Corporation
Singapore Totalisator Board
Present
Special Needs Trust Company Limited
SG Enable Ltd