Change - Announcement of Cessation::Retirement of Board Chairman

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Dec-2022 17:17:08
Status
New
Announcement Sub Title
Retirement of Board Chairman
Announcement Reference
SG221223OTHR268S
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see attached.

Additional Details

Name Of Person
Ooi Sang Kuang
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
31/01/2023
Detailed Reason (s) for cessation
Mr Ooi Sang Kuang has decided to retire after serving for more than 9 years on the Board.
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
21/02/2012
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)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Board Chairman, Executive Committee Chairman and Member of Nominating, Remuneration, Audit and Ethics and Conduct Committees
Role and responsibilities
Chairman, Non-executive and Non-independent Director
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
67,202 OCBC ordinary shares
Other Directorships
Past (for the last 5 years)
OCBC Bank (Malaysia) Berhad (Chairman)
OCBC Al-Amin Bank Berhad (Chairman)
Xeraya Capital Labuan Ltd (Chairman)
Xeraya Capital Sendirian Berhad (Chairman)
Present
CHAIN UP Technology Ltd (Chairman)
OCBC Management Services Pte Ltd
OCBC Wing Hang Bank Ltd
Target Value Fund
Wawasan Education Foundation (Member)

Attachments

OCBC_Media Release_23Dec2022.pdf
Total size =209K