Change - Announcement of Cessation::Resignation of Independent Non-Executive Director - Tan Soo Kiat

Issuer & Securities

Issuer/ Manager
NAM LEE PRESSED METAL INDUSTRIES LIMITED
Securities
NAM LEE PRESSED METAL INDS LTD - SG1X43941639 - G0I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2019 17:26:28
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director - Tan Soo Kiat
Announcement Reference
SG191015OTHRB3WP
Submitted By (Co./ Ind. Name)
Yong Kin Sen
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Soo Kiat as Independent Non-Executive Director.

Additional Details

Name Of Person
Tan Soo Kiat
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
15/10/2019
Detailed Reason (s) for cessation
Mr Tan Soo Kiat, having served as an Independent Director of the Company for more than 11 years and having considered the nine-year rule, has decided to resign to facilitate Board renewal.

Following his resignation, Mr Tan shall cease to be the Chairman of Remuneration Committee and a member of the Nominating Committee and Audit 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
09/06/2008
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 Remuneration Committee and Member of the Audit Committee and Nominating Committee
Role and responsibilities
Duties of an Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee as covered in the terms of reference of the respective committees.
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
200,000 ordinary shares
Past (for the last 5 years)
Arana Assets Limited
Vela Diagnostics Holding Pte Ltd
Present
Asiamedic Limited
Dyna-Mac Holdings Ltd
Intergate Pte Ltd