REPL::Change - Announcement of Cessation::Resignation of Independent Director, NC Chairman and members of the AC & the RC - Mr Tai, Chung-Hou

Issuer & Securities

Issuer/ Manager: GLOBAL TESTING CORPORATION LIMITED
Securities: GLOBAL TESTING CORPORATION LTD - SG1BB4000008 - AYN
Stapled Security: No

Announcement Details

Announcement Title: Change - Announcement of Cessation
Date &Time of Broadcast: 11-Jan-2022 18:51:09
Status: Replacement
Announcement Sub Title: Resignation of Independent Director, NC Chairman and members of the AC & the RC - Mr Tai, Chung-Hou
Announcement Reference: SG211230OTHRZK55
Submitted By (Co./ Ind. Name): Chen Tie-Min
Designation: Senior Executive Director
Description (Please provide a detailed description of the event in the box below): There was a clerical error in the announcement released on 30 December 2021 relating to the resignation of Mr Tai, Chung-Hou (Announcement Reference: SG211230OTHRZK55) ("30 Dec Announcement").

In the 30 Dec Announcement, it was inadvertently indicated that Mr Tai, Chung-Hou has resigned as an Independent Director, Chairman of the Remuneration Committee ("RC"), and a member of the Audit Committee ("AC") and the Nominating Committee ("NC") of the Company with effect from 31 December 2021.

The Company wishes to clarify that Mr Tai, Chung-Hou had resigned as an Independent Director, Chairman of the NC, and a member of the AC and the RC of the Company with effect from 31 December 2021. Save for the above, there were no other amendments made.

Additional Details

Name Of Person: Tai, Chung-Hou
Age: 71
Is effective date of cessation known?: Yes
If yes, please provide the date: 31/12/2021
Detailed Reason (s) for cessation: As stated on page 17 of the Company's annual report for the financial year ended 31 December 2020, Mr Tai, Chung-Hou ("Mr Tai") has served on the Board beyond 9 years from the date of his first appointment. Taking into consideration the progressive refreshing of the Board, the Company has identified a suitable candidate who possesses the appropriate expertise and experience that best suit the needs of the Company to fill the vacancy of the office of Mr Tai who will be stepping down from the Board on 31 December 2021.
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: 30/08/2004
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): 1
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.): Independent Director, Chairman of the NC, and a member of the AC and the RC.
Role and responsibilities: Assumed the roles and responsibilities of an Independent Director, Chairman of the NC, and a member of the AC and the RC.
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: Direct interest in 12,500 ordinary shares in the Company
Past (for the last 5 years): SolidPro Technology
RichTek Technology Corp
Present: ASUSTeK Computer Inc
Jasper Display Corp.
Wafer Works Corporation
21Vianet Group, Inc.

Related Announcements

Related Announcements: 30/12/2021 17:56:59