Change - Announcement of Cessation::Announcement of Retirement of Director: Lim Keng Jin

Issuer & Securities

Issuer/ Manager
MULTI-CHEM LIMITED
Securities
MULTI-CHEM LIMITED - SG1BA2000002 - AWZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2024 01:10:53
Status
New
Announcement Sub Title
Announcement of Retirement of Director: Lim Keng Jin
Announcement Reference
SG240415OTHR4900
Submitted By (Co./ Ind. Name)
Han Juat Hoon
Designation
Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Multi-Chem Limited (the "Company" or together with its subsidiaries, the "Group") wishes to announce that Mr Lim Keng Jin will retire as Independent Non-Executive Director of the Company at the Annual General Meeting to be held on 30 April 2024.

Following his retirement, Mr Lim Keng Jin will cease as Independent Non-Executive Director, Chairman of the Board and Remuneration Committee ("RC"), Acting Chairman of the Audit and Risk Management Committee ("ARMC") and member of Nominating Committee ("NC") of the Company with effect from 30 April 2024.

The Board of Directors would like to express their appreciation to Mr Lim Keng Jin for his invaluable contributions to the Company.

Additional Details

Name Of Person
Lim Keng Jin
Age
89
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr Lim Keng Jin has been appointed as a Director for more than 9 years. As part of the board renewal process, he will retire at the forthcoming Annual General Meeting in accordance with Rule 210(5)(d)(iv) of the Listing Manual.
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
29/04/2005
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Board and RC, Acting Chairman of the ARMC and member of NC of the Company.
Role and responsibilities
Fulfill the responsibilities of Independent Non-Executive Director, Chairman of the Board and Remuneration Committee, Acting Chairman of the Audit and Risk Management Committee and member of Nominating Committee of the Company.
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?
No
Past (for the last 5 years)
NIL
Present
NIL