Change - Announcement of Cessation::Retirement of Independent and Non-Executive 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
06-Mar-2024 17:46:17
Status
New
Announcement Sub Title
Retirement of Independent and Non-Executive Director
Announcement Reference
SG240306OTHR0P5E
Submitted By (Co./ Ind. Name)
Phua Siyu, Audrey
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Samuel Gene Rhee as Independent and Non-Executive Director who is also the Chair of the Nominating Committee and a member of the Remuneration Committee.

Additional Details

Name Of Person
Samuel Gene Rhee
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Mr Samuel Gene Rhee is due to retire at the Company's forthcoming Annual General Meeting on 25 April 2024 and he is eligible for re-election. Mr Rhee has chosen not to seek for re-election due to personal reasons. The Board noted his decision and thanks Mr Rhee for his contributions to the Far East Orchard Limited group. The Board wishes Mr Rhee success 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
01/01/2022
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)
4
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 and Non-Executive Director, Chair of the Nominating Committee, Member of the Remuneration Committee.
Role and responsibilities
Independent and 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)
Endowus Singapore Pte. Ltd.
Present
Endowus Technologies Pte. Ltd.
Voveo Capital Pte. Ltd.