Change - Announcement of Cessation::Resignation of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
THE STRAITS TRADING COMPANY LIMITED
Securities
STRAITS TRADING CO. LTD - SG1J49001550 - S20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2018 22:27:21
Status
New
Announcement Sub Title
Resignation of Independent and Non-Executive Director
Announcement Reference
SG180427OTHRLPVT
Submitted By (Co./ Ind. Name)
Aldric Tan Jee Wei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Yap Chee Keong as an Independent and Non-Executive Director.

Additional Details

Name Of Person
Yap Chee Keong
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2018
Detailed Reason (s) for cessation
Mr Yap Chee Keong was appointed on 7 May 2009 and his tenure on the Board will be nine years in 2018. He is stepping down to allow a progressive renewal of the Board.
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
07/05/2009
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.)
Independent and Non-Executive Director
Role and responsibilities
Independent and Non-Executive Director
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)
1. ARA Asset Management Limited
2. CityNet Infrastructure Management Pte Ltd
3. InterOil Corporation
4. Tiger Airways Holdings Limited
5. OpenNet Pte. Ltd.
6. Far East Hospitality Holdings Pte. Ltd.
7. Straits Real Estate Pte. Ltd.
8. SPI (Australia) Assets Pty Ltd
9. Tiger Airways Australia Pty Limited
Present
1. Shangri-La Asia Limited
2. Sembcorp Industries Ltd
3. Olam International Limited
4. Malaysia Smelting Corporation Berhad
5. Rahman Hydraulic Tin Sdn Bhd
6. MediaCorp Pte Ltd
7. Certis CISCO Security Pte Ltd
8. Citibank Singapore Limited
9. The Assembly of Christians of Singapore Ltd