Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
FALCON ENERGY GROUP LIMITED
Securities
FALCON ENERGY GROUP LIMITED - SG1Q49922319 - 5FL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Mar-2024 18:21:29
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG240301OTHR6TUR
Submitted By (Co./ Ind. Name)
Tan Pong Tyea
Designation
Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please see below

Additional Details

Name Of Person
Mak Yen-Chen Andrew
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
01/03/2024
Detailed Reason (s) for cessation
Mr Mak Yen-Chen Andrew ("Mr Mak") has resigned as an Independent Non-Executive Director of the Company. In view of the 9-year term limit on independent directors of SGX-listed companies and the company's ongoing efforts to achieve a restructuring, Mr Mak has decided to step down now to enable the Company to find and appoint new directors with fresh and broader perspectives, who are better able to contribute to the Company's restructuring efforts. This will also enable Mr Mak to reallocate his time and attention to his other professional/corporate commitments and plans.
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
24/03/2014
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)
1
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 Non-Executive Director, Chairman of Remuneration Committee, and Member of Audit Committee.
Role and responsibilities
Independent Non-Executive 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
Past (for the last 5 years)
China Jishan Holdings Limited
Present
Leader Environmental Technologies Limited
Far East Group Limited
H2G Green Limited
The Singapore Lyric Opera Limited