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

Issuer & Securities

Issuer/ Manager
THE STRAITS TRADING COMPANY LIMITED
Securities
STRAITSTRAD S$170M4.1%N260504 - SGXF74313176 - EPRB
STRAITSTRAD S$370M3.25%B280213 - XS2505918610 - YOEB
STRAITSTRAD S$200M3.75%N251029 - SGXF60414491 - 58AB
STRAITS TRADING CO. LTD - SG1J49001550 - S20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2023 19:08:38
Status
New
Announcement Sub Title
Retirement of Independent and Non-Executive Director
Announcement Reference
SG230428OTHRDJP0
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chia Chee Ming, Timothy as Independent and Non-Executive Director.

Additional Details

Name Of Person
Chia Chee Ming, Timothy
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2023
Detailed Reason (s) for cessation
Mr Chia is retiring as a Director to facilitate board renewal as he would have served as an Independent Director for nine years in 2024. In addition, he would like to focus more time on his other commitments.

The Board would like to take this opportunity to record their heartfelt appreciation and thanks to Mr Chia for his valuable contributions and wish him all the best in his future endeavours.
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
27/02/2015
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
i. Lead Independent Director
ii. Chairman of the Nominating Committee
iii. Member of the Audit and Risk Committee
Role and responsibilities
Carry out the responsibilities of a Lead Independent Director, the Chairman of the Remuneration Committee and member of Audit and Risk Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chia holds 4,602 ordinary shares in the Company.
Past (for the last 5 years)
i. Singapore Management University
ii. Rahman Hydraulic Tin Sdn Bhd
iii. QuantumMDx Group Limited
iv. Straits Investment Management Pte Ltd
v. Innoven India Holdings Pte Ltd
vi. Innoven Capital Singapore Pte Ltd
vii. Innoven Capital China Pte Ltd
viii. Ceylon Guardian Investment Trust PLC
ix. Ceylon Investment PLC
x. Banyan Tree Holdings Ltd
xi. Fraser and Neave, Limited

Present
i. Hup Soon Global Corporation Private Limited
ii. Singapore Power Limited
iii. Vertex Venture Holdings Ltd
iv. Innoven Capital Pte. Ltd.
v. Seviora Holdings Pte. Ltd.
vi. United Motor Works (Siam) Public Co Ltd.
vii. Gracefield Holdings Limited
viii. Thai Beverage Public Company Limited
ix. Malaysia Smelting Corporation Berhad