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-2024 07:16:06
Status
New
Announcement Sub Title
Cessation of Non-Executive Independent Director
Announcement Reference
SG240402OTHRX7W7
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
Willy Shee Ping Yah
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2024
Detailed Reason (s) for cessation
Having served for more than 9 years as an Independent Director, not seeking re-appointment, and retiring as a Director at the conclusion of the annual general meeting to be convened on 23 April 2024.
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.)
Independent Director, Chairman of NC, member of AC and RC and Director of Shanghai Golden Bund Real Estate Co., Ltd
Role and responsibilities
Responsibilities as Non-Executive Independent Director
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
Other Directorships
Past (for the last 5 years)
Ascendas Hospitality Fund Management Pte Ltd
Ascendas Hospitality Trust Management Pte Ltd
Ascendas-Singbridge Gives Foundation
Keppel Land Limited
Mercatus Co-operative Ltd
Sabana Real Estate Investment Management Pte Ltd (as Manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust)
Present
Golden Agri-Resources Ltd
Shanghai Golden Bund Real Estate Co., Ltd
Sinarmas Land Limited