Change - Announcement of Cessation::Retirement of Lead Independent, Non-Executive Director

Issuer & Securities

Issuer/ Manager
LOW KENG HUAT (SINGAPORE) LIMITED
Securities
LOW KENG HUAT (SINGAPORE) LTD - SG1W86940333 - F1E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Mar-2024 17:51:20
Status
New
Announcement Sub Title
Retirement of Lead Independent, Non-Executive Director
Announcement Reference
SG240327OTHR3RJB
Submitted By (Co./ Ind. Name)
Alvin Tan Teck Loon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Jimmy Yim Wing Kuen ("Mr Jimmy") as Lead Independent, Non-Executive Director who is also the Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee.

Additional Details

Name Of Person
Jimmy Yim Wing Kuen
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2024
Detailed Reason (s) for cessation
Mr Jimmy is due for retirement at the upcoming Annual General Meeting ("AGM") of Low Keng Huat (Singapore) Limited (the "Company") and is eligible for re-election. To be in line with Rule 210(5)(d)(iv) of the SGX Listing Rules and to facilitate Board renewal in the Company, Mr Jimmy has notify the Board that he has chosen not to seek for re-election. Upon his retirement, he will also relinquish his role as Chairman of the Audit Committee, and member of the Nominating Committee and Remuneration Committee. The Board noted his decision and thanked him for his contributions to the Company. The Board also wished him success in his future endeavours.
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
01/03/2009
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.)
Lead Independent, Non-Executive Director, Chairman of the Audit Committee, and member of Nominating Committee and Remuneration Committee.
Role and responsibilities
Lead Independent, 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?
Yes
Shareholding Details
Mr Jimmy has deemed interest of 200,000 shares in the Company.
Other Directorships
Past (for the last 5 years)
- ARA Logos Logistics Trust Management Limited (f.k.a. ARA-CWT Trust Management(CACHE) Limited
- Singapore Medical Group Limited
Present
- KOP Limited