Change - Announcement of Cessation::DEMISE OF NON-EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
PROGEN HOLDINGS LTD
Securities
PROGEN HOLDINGS LTD - SG1F48858053 - 583
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-May-2023 20:15:36
Status
New
Announcement Sub Title
DEMISE OF NON-EXECUTIVE CHAIRMAN
Announcement Reference
SG230529OTHRJMGU
Submitted By (Co./ Ind. Name)
Lee Eng
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Progen Holdings Ltd. (the "Company") announces with great sadness that Dr. Tan Eng Liang ("Dr. Tan") has passes away on 28 May 2023.

With the demise of Dr. Tan, he will cease to be the Independent Director and Non-Executive Chairman, Chairman of Audit and Risk Committee, Chairman of Investment Review Committee, Member of Nominating Committee and Member of Remuneration Committee of the Company.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Dr Tan Eng Liang
Age
85
Is effective date of cessation known?
Yes
If yes, please provide the date
28/05/2023
Detailed Reason (s) for cessation
Dr. Tan has passed away on 28 May 2023.
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
24/10/1997
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 Director & Non-Executive Chairman
Chairman of Audit and Risk Committee & Investment Review Committee
Member of NC & RC
Role and responsibilities
Independent Director & Non-Executive Chairman
Chairman of Audit and Risk Committee & Investment Review Committee
Member of NC & RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Lead Independent Director of Tung Lok Restaurants (2000) Ltd
Taisei Money-Changer Pte Ltd
Taisei Stamps & Coins (S) Pte Ltd
Coca-Cola Europacific Partners Investments (Singapore) Pte. Ltd.
D.B. Progen Servicing Pte Ltd
Goh Foundation Limited
HB Media Holdings Pte Ltd
Polacel Manufacturing (S.E. Asia) Pte Ltd
Progen Industrial Pte Ltd
Progen Pte Ltd
Singapore Olympic Foundation
Wuthelam Holdings Pte Ltd
Present
-