Change - Announcement of Cessation::CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
Issuer & Securities
SINGAPORE REINSURANCE CORPORATION LIMITED
SINGAPORE REINSURANCE COR LTD - SG1J71891696 - S49
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
CESSATION OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
TAN SWEE GEK
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive and Non-Independent Director.
Name Of Person
HWANG SOO JIN
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Hwang Soo Jin did not seek re-election at the Annual General Meeting of the Company. Accordingly, he retired as a Non-Executive and Non-Independent Director of the Company on 17 April 2019 at the conclusion of the Annual General Meeting.
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?
If Yes, Please provide full details
Mr Hwang will remain as Senior Advisor of the Company and be authorised to deal with all matters relating to the Corporation's investments. Mr Hwang shall continue in his role as Chairman of the Investment Committee.
Any other relevant information to be provided to shareholders of the listed issuer?
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.)
Senior Advisor, Chairman Emeritus, EXCO Member, Investment Committee Chairman and Advisor to the AC, NC and RC.
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?
1,360,000 ordinary shares.
Past (for the last 5 years)
Singapore Land Limited.
(i) Haw Par Corporation Limited;
(ii) United Overseas Insurance Limited; and
(iii) United Industrial Corporation Limited.