Change - Announcement of Cessation::Stepping down of Non-Executive and Non-Independent Director - Tan Tin Nam

Issuer & Securities

Issuer/ Manager
YONGNAM HOLDINGS LIMITED
Securities
YONGNAM HOLDINGS LIMITED - SG1BA3000001 - AXB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jul-2016 19:12:15
Status
New
Announcement Sub Title
Stepping down of Non-Executive and Non-Independent Director - Tan Tin Nam
Announcement Reference
SG160713OTHRY2SN
Submitted By (Co./ Ind. Name)
Seow Soon Yong
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Stepping down of Non-Executive and Non-Independent Director, Mr. Tan Tin Nam

Additional Details

Name Of Person
Tan Tin Nam
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
13/07/2016
Detailed Reason (s) for cessation
To facilitate changes to the board composition to meet recommended best practices
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
19/10/1994
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)
4
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.)
Non-Executive & Non-Independent Director
Role and responsibilities
Non-Executive & Non-Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Cousin of Mr. Seow Soon Yong, Mr. Siau Sun King and Mr. Seow Soon Hee
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
3,184,000 ordinary shares in the share capital of Yongnam Holdings Limited
Past (for the last 5 years)
Yongnam Investment Pte Ltd
Yongnam Private Limited
Present
Jing Ma Investment Pte. Ltd.
Iridium Investment Management Pte Ltd
3Q Technologies Sdn Bhd
Vee Seng Property Sdn Bhd
Y N Land Sdn Bhd

Attachments