Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
PAN-UNITED CORPORATION LTD.
Securities
PAN-UNITED CORPORATION LTD - SG1A67000830 - P52
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2021 18:42:16
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG210430OTHRB8YU
Submitted By (Co./ Ind. Name)
Kevin Cho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Cecil Vivian Richard Wong as Independent Director

Additional Details

Name Of Person
Cecil Vivian Richard Wong
Age
98
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2021
Detailed Reason (s) for cessation
Mr Cecil Vivian Richard Wong, who retired by rotation pursuant to the Constitution of the Company, decided not to seek re-election at the Company's Annual General Meeting held today. He retired as an Independent Director and ceased to be Chairman of the Audit Committee and Member of the Remuneration Committee.
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
01/10/1992
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Audit Committee and Member of the Remuneration Committee
Role and responsibilities
Chairman of the Audit Committee and Member of the Remuneration Committee
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
Has direct interest of 475,000 ordinary shares in the Company.
Past (for the last 5 years)
Venture Corporation Limited
Present
Chartered Asset Management Pte Ltd
John K Young Pte Ltd