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

Issuer & Securities

Issuer/ Manager
TSH CORPORATION LIMITED
Securities
TSH CORPORATION LTD - SGXE89604008 - KUH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 18:13:11
Status
New
Announcement Sub Title
Retirement of Non-Executive Independent Director
Announcement Reference
SG240412OTHRYWB1
Submitted By (Co./ Ind. Name)
Chua Khoon Hui
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Audrey Mok (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Tan Dah Ching
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr Tan Dah Ching ("Mr Tan") is due to retire as Non-Executive Independent Director at the Annual General Meeting ("AGM") of the Company to be held on 29 April 2024 pursuant to Regulation 107 of the Company's Constitution and will not be seeking a re-election to facilitate Board renewal.

Upon his retirement, Mr Tan will relinquish his position as Chairman of Nominating Committee ("NC"), Member of Audit Committee ("AC") and Remuneration Committee ("RC").

The Sponsor, after having interviewed Mr Tan, is satisfied that, save as disclosed in this announcement, there are no material reasons for his retirement as Non-Executive Independent Director of the Company.
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?
Yes
If Yes, Please provide full details
The Company is in the midst of sourcing for a new candidate to replace Mr Tan and will endeavour to fill the vacancy in the respective Board Committees within 2 months, and in any case, no later than 3 months, particularly, to comply with Rule 704(7) of the Catalist Rules.

The Company will release the announcement on the appointment of the new Non-Executive Independent Director in due course.
Date of Appointment to current position
07/04/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Non-Executive Independent Director, Chairman of NC and member of AC and RC
Role and responsibilities
Non-Executive
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)
Director of:
Elite Partners Capital Pte Ltd
Elite Partners Holdings Pte Ltd
Richz Technology (S) Pte Ltd
Present
Director of:
Elite Commercial REIT Management Pte. Ltd.
Elite Logistics Holdings Pte. Ltd. (in the process of winding-up)
Jin Leng Investments Pte Ltd
TKS Family Office Pte Ltd