Change - Announcement of Cessation::Cessation of Director - Mr Lim Poh Suan
Issuer & Securities
SING INVESTMENTS & FINANCE LIMITED
SING INVESTMENTS & FINANCE LTD - SG1S02002305 - S35
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Director - Mr Lim Poh Suan
Submitted By (Co./ Ind. Name)
CHAN KUM KIT
JOINT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lim Poh Suan as Non-Executive and Independent Director, who is also Chairman of Audit Committee and a member of Remuneration Committee.
Name Of Person
Lim Poh Suan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lim Poh Suan, having served as an Independent Director of the Company for 9 years, is retiring as Director. He is not seeking re-election and shall cease to be a Director at the conclusion of the Annual General Meeting ("AGM") on 24 April 2019.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
Mr Lim Poh Suan will be succeeded as Chairman of Audit Committee by Mr Joseph Toh Kian Leong who is a Non-Executive and Independent Director. Please refer to the separate announcement on changes in composition of the Board and Board Committees for further details.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director, Chairman of Audit Committee and Member of Remuneration Committee.
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Transformation Consultants Pte. Ltd.