Change - Announcement of Cessation::Announcement of Cessation of Lead Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
SAPPHIRE CORPORATION LIMITED
Securities
SAPPHIRE CORPORATION LIMITED - SG1CG4000005 - BRD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2024 22:08:46
Status
New
Announcement Sub Title
Announcement of Cessation of Lead Independent Non-Executive Director
Announcement Reference
SG240430OTHRPQV4
Submitted By (Co./ Ind. Name)
Wang Heng
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Lead Independent Non-Executive Director

Additional Details

Name Of Person
Oh Eng Bin
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr. Oh Eng Bin ("Mr. Oh") did not seek for re-election at the Company's annual general meeting held on 30 April 2024 ("AGM"). Accordingly, Mr. Oh retired as a Lead Independent Non-Executive Director of the Company, the Chairman of the Nominating Committee and as a member of the Audit and Risk Committee and Remuneration Committee of the Company at the conclusion of the AGM.

Mr. Oh confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his retirement.
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
18/12/2017
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)
1
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.)
Lead Independent Non-Executive Director, Chairman of the Nominating Committee, member of the Audit and Risk Committee and the Remuneration Committee
Role and responsibilities
Independent Director
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)
SHS Holdings Ltd
Present
Ferrell Financial Group Limited
Encapture Pte Ltd
Propinquity Investments Ltd
Omnibridge Investments Pte. Ltd.
Omnibridge Investment Partners Pte. Ltd.
Omnibridge Capital Pte. Ltd.