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

Issuer & Securities

Issuer/ Manager
BUND CENTER INVESTMENT LTD
Securities
BUND CENTER INVESTMENT LTD - BMG1792W1367 - BTE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Apr-2018 07:04:45
Status
New
Announcement Sub Title
Cessation of Non-Executive Independent Director
Announcement Reference
SG180402OTHRN634
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Independent Director

Additional Details

Name Of Person
David Yeow
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2018
Detailed Reason (s) for cessation
Not seeking re-election as a Director at the forthcoming annual general meeting of the Company to be held on 23 April 2018, and will accordingly retire as a Director at the conclusion of the said annual general meeting. Simultaneously cease to hold all appointments presently held in all Board Committees.
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
17/02/2010
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)
2
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 Remuneration Committee; member of Audit Committee and Nominating Committee
Role and responsibilities
Responsibilities as Non-Executive Independent Director, Chairman of Remuneration Committee and member of Audit Committee and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Noble Group Limited