Change - Announcement of Cessation::Retirement of Lead Independent Director

Issuer & Securities

Issuer/ Manager
UMS HOLDINGS LIMITED
Securities
UMS HOLDINGS LIMITED - SG1J94892465 - 558
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2024 18:28:33
Status
New
Announcement Sub Title
Retirement of Lead Independent Director
Announcement Reference
SG240408OTHRK5VS
Submitted By (Co./ Ind. Name)
Luong Andy
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chay Yiowmin ("Mr Chay") as the Lead Independent Director.

Additional Details

Name Of Person
Chay Yiowmin
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Mr Chay has served on the Board for an aggregate period of more than 9 years. He has decided to retire at the conclusion of the AGM and will not be seeking for re-election, to support progressive renewal of the Board.

The Company would like to express its gratitude and appreciation for Mr Chay's valuable contributions to the Board during his tenure as the Director of the Company.
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
28/06/2013
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)
2
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.)
Lead Independent Director, the Chairman of the Audit Committee, and a member of the Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Executive
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)
Metech International Limited
Libra Group Limited
Raffles Infrastructure Holdings Limited
Ksenja Pte. Ltd.
Voxpace Pte. Ltd.
TSU Investment Pte. Ltd.
American Ethane Capital Pte. Ltd.
Vanfo Hino Holdings Pte. Ltd.
Nelson G Advisory Pte. Ltd.
Vanfoankang Investment Pte. Ltd.
CCA Fund Services Pte. Ltd.
Vanbo Investments Pte. Ltd.
Vanbo Management Pte. Ltd.
Present
United Power Corporation (Singapore) Pte. Ltd.
Xemaco Group Pte. Ltd.
Basechem Trading Pte. Ltd.
Chay Corporate Advisory Pte. Ltd.
8I Holdings Limited
Ntegrator International Ltd.
Mary Chia Holdings Limited
Roxana Shipping Pte. Ltd.
2YSL Pte. Ltd.
Moon Pay Pte. Ltd.
TomoWork Ltd.
Chay Corporate Advisory Sdn Bhd
Chay Corporate Advisory (HK) Limited
Wantong Investment Holdings Pte. Ltd.
C C Chay & Associates Pte. Ltd.