Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
FAR EAST ORCHARD LIMITED
Securities
FAR EAST ORCHARD LIMITED - SG2P56002559 - O10
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
20-Apr-2017 17:51:29
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG170420OTHRRHRT
Submitted By (Co./ Ind. Name)
Phua Siyu, Audrey
Designation
Company Secretary
Effective Date and Time of the event
20/04/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Cheng Hong Kok as Independent Director who is also the Chairman of the Audit & Risk Committee and a member of the Remuneration Committee.

Additional Details

Name Of Person
Cheng Hong Kok
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
20/04/2017
Detailed Reason (s) for cessation
Mr Cheng Hong Kok wishes to devote more time to the family and personal pursuits, he retired at the conclusion of the Company's 49th 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?
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
30/05/1996
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Audit & Risk Committee and a member of the Remuneration Committee.
Role and responsibilities
Independent non-executive director
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)
Nil
Present
SP Corporation Limited