Change - Announcement of Cessation::Retirement of Non-executive Independent Director

Issuer & Securities

Issuer/ Manager
LUM CHANG HOLDINGS LIMITED
Securities
LUM CHANG HOLDINGS LIMITED - SG1E20001293 - L19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Oct-2024 19:34:50
Status
New
Announcement Sub Title
Retirement of Non-executive Independent Director
Announcement Reference
SG241024OTHRFUJT
Submitted By (Co./ Ind. Name)
Yap Lay Hoon / Wong Yi
Designation
Company Secretaries
Effective Date and Time of the event
24/10/2024 19:35:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-executive Independent Director

Additional Details

Name Of Person
Peter Sim Swee Yam
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
24/10/2024
Detailed Reason (s) for cessation
Mr Peter Sim Swee Yam has not sought re-election pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST and has retired as a Non-executive Independent Director at the conclusion of the Annual General Meeting held on 24 October 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
30/11/2001
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)
2
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.)
Lead Independent Director of the Company
Chairman of Remuneration Committee
Member of Audit and Risk Committee
Member of Nominating Committee
Role and responsibilities
Assumed the roles and responsibilities as a Lead Independent Director, Chairman of the Remuneration Committee, member of the Audit and Risk Committee and the Nominating Committee.
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?
Yes
Shareholding Details
Indirect: 10,000 ordinary shares
Past (for the last 5 years)
Mun Siong Engineering Limited
Haw Par Corporation Limited
Singapore Reinsurance Corporation Limited
Singapore Heart Foundation
Present
Gravitas Alliance International Pte Ltd
Sim Law Practice LLC
Singapore Land Group Limited
SKB & Associates Pte Ltd
ST Group Food Industries Holdings Limited
Talkmed Group Limited