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

Issuer & Securities

Issuer/ Manager
SAMUDERA SHIPPING LINE LTD
Securities
SAMUDERA SHIPPING LINE LTD - SG1F29855813 - S56
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Apr-2024 18:17:37
Status
New
Announcement Sub Title
Resignation of Independent and Non-Executive Director
Announcement Reference
SG240411OTHRPRWP
Submitted By (Co./ Ind. Name)
Ridwan Hamid
Designation
Executive Director, Group Business Support
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent and Non-Executive Director

Additional Details

Name Of Person
Quah Ban Huat
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Quah Ban Huat has served on the Board as independent director for more than nine years from the date of his first appointment and pursuant to SGX Listing Rule 210(5)(d)(iv) which comes into effect on 11 January 2023, he will no longer be considered as independent upon the conclusion of the Company's Annual General Meeting ("AGM") to be held on 29 April 2024.

In line with the Board renewal process, the NC and Board has identified new independent directors to be appointed in place of Quah Ban Huat, and Quah Ban Huat will resign as independent director of the Company effective from the conclusion of the Company's AGM on 29 April 2024.
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
31/10/2013
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead independent and non-executive director. Chairman of Audit committee and a member of Nominating and Remuneration committees
Role and responsibilities
Independent and non-executive
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
Other Directorships
Past (for the last 5 years)
Grindrod Shipping Holdings Ltd
AP Oil International Limited
Sunjoy UK Service and Distribution Co. Ltd
Deutsche Boerse Asia Holding Pte. Ltd.
Eurex Clearing Asia Pte. Ltd.
Eurex Exchange Asia Pte. Ltd.
Present
Primeur Cellars Pte Ltd
Primeur Holdings Pte Ltd
Frasers Hospitality Asset Management Pte Ltd
Frasers Hospitality Trust Management Pte Ltd