Change - Announcement of Cessation::Cessation of Mr Tan Chian Khong as Lead Independent Director

Issuer & Securities

Issuer/ Manager
BANYAN TREE HOLDINGS LIMITED
Securities
BANYAN TREE HOLDINGS LIMITED - SG1T49930665 - B58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-May-2025 16:02:27
Status
New
Announcement Sub Title
Cessation of Mr Tan Chian Khong as Lead Independent Director
Announcement Reference
SG250501OTHR6A6P
Submitted By (Co./ Ind. Name)
Tan Min Hai Edmund
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Tan Chian Khong as Lead Independent Director and redesignation as Independent Director

Additional Details

Name Of Person
Tan Chian Khong
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
01/05/2025
Detailed Reason (s) for cessation
Mr Tan Chian Khong ("Mr Tan") is currently the Lead Independent Director ("Lead ID"), Chairman of the Audit and Risk Committee ("ARC") and a member of Nominating Committee ("NC") of Banyan Tree Holdings Limited.
Following the completion of Mr. Tan's three-year tenure as Lead ID, the Board has endorsed the Independent Directors recommendation to change the Lead ID and redesignate Mr. Tan as Independent Director. Mr. Tan will remain as the Chairman of the ARC and a member of the NC.
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
31/12/2021
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)
5
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.)
Lead Independent Director
Role and responsibilities
Duties of Lead 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

1. Banyan Tree Holdings Limited, Independent Director
2. CSE Global Limited, Independent Director
3. Hong Leong Asia Ltd, Independent Director
4. The Straits Trading Company Limited, Independent Director
5. Alliance Bank Malaysia Bhd, Independent Director
6. SMRT Corporation Ltd, Board member
7. Gambling Regulatory Authority, Board member
8. Agency for Science, Technology and Research (A*Star), Audit Committee Member