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

Issuer & Securities

Issuer/ Manager
AEM HOLDINGS LTD.
Securities
AEM HOLDINGS LTD - SG1BA1000003 - AWX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Jan-2022 08:38:20
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG220101OTHRHXIJ
Submitted By (Co./ Ind. Name)
Leong Sook Han
Designation
Joint Company Secretary
Effective Date and Time of the event
31/12/2021 23:59:00
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Adrian Chan as Independent Director with effect from 11.59 p.m. on 31 December 2021.

Additional Details

Name Of Person
Adrian Chan Pengee
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Mr. Adrian Chan Pengee ("Adrian") has been with the Company for an aggregate period of more than 9 years as an Independent Director of the Company. Adrian has decided to step down and resign to facilitate Board renewal.

Following his resignation on 31 December 2021, 11.59pm. Adrian also ceased to be the Chairman of the Nominating Committee and member of the Audit and Risk Management Committee and 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
01/10/2017
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director.
Role and responsibilities
Lead Independent Director, Chairman of the Nominating Committee and member of the Audit and Risk Management Committee and Remuneration 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
85,000
Past (for the last 5 years)
Please refer to the attachment.
Present
Please refer to the attachment.

Attachments

Adrian - List of present and past 5 years directorship.pdf
Total size =74K