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

Issuer & Securities

Issuer/ Manager
PENGUIN INTERNATIONAL LIMITED
Securities
PENGUIN INTERNATIONAL LIMITED - SG1CI0000005 - BTM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Apr-2024 18:07:57
Status
New
Announcement Sub Title
Cessation of Non-Executive and Independent Director
Announcement Reference
SG240423OTHRCAHC
Submitted By (Co./ Ind. Name)
Heng Michelle Fiona
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Penguin International Limited (the "Company") would like to announce the retirement of Mr Leow Ban Tat ("Mr Leow") as a Non-Executive and Independent Director of the Company.

Additional Details

Name Of Person
Leow Ban Tat
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2024
Detailed Reason (s) for cessation
In compliance with Rule 210(5)(d)(iv) of the Listing Manual of the Singapore Exchange Securities Trading Limited and to facilitate the board renewal, Mr Leow Ban Tat will be stepping down as a Non-Executive and Independent Director of the Company with effect from 27 April 2024.

Following his retirement, Mr Leow will also relinquish his position as Chairman of the Nominating Committee and Member of the Audit and Risk Committee and Remuneration Committee.

The Board and Management would like to express their gratitude to Mr Leow for his invaluable contributions to the Board during his time with 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
28/04/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
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.)
Chairman of Nominating Committee
Member of Audit and Risk Committee
Member of Remuneration Committee
Role and responsibilities
Non-Executive and 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)
Nil
Present
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