Change - Announcement of Cessation::Retirement of John Lim Yew Kong as Lead Independent Director

Issuer & Securities

Issuer/ Manager
GLOBAL INVACOM GROUP LIMITED
Securities
GLOBAL INVACOM GROUP LIMITED - SG2E91982768 - QS9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2024 06:42:25
Status
New
Announcement Sub Title
Retirement of John Lim Yew Kong as Lead Independent Director
Announcement Reference
SG240409OTHRYYBX
Submitted By (Co./ Ind. Name)
Yoo Loo Ping
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of John Lim Yew Kong as Lead Independent Director

Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr John Lim Yew Kong ("Mr John Lim") will cease to be considered independent after the conclusion of the upcoming annual general meeting ("AGM"). As part of the Board renewal process, Mr John Lim will be retiring and will not seek for re-election as a Director of the Company at the AGM.

The Nominating Committee and the Board are currently assessing potential candidates to replace Mr John Lim as part of the Board renewal process and to ensure compliance with the Listing Manual and/or the Code of Corporate Governance. The Company will make announcement(s) regarding the appointment of new director, and/or revision to the composition of the Board and its Committees on the SGXNet, once details available.

Additional Details

Name Of Person
John Lim Yew Kong
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2024
Detailed Reason (s) for cessation
Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr John Lim will cease to be considered independent after the conclusion of the upcoming AGM to be held on 24 April 2024. As part of the Board renewal process, Mr John Lim will be retiring and will not seek for re-election as a Director of the Company at the AGM.
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
13/09/2010
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)
0
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 Director, Audit and Risk Committee Chairman, Nominating Committee and Remuneration Committee Member.
Role and responsibilities
As above.
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
15,000 ordinary shares
Past (for the last 5 years)
Karin Technology Holdings Limited
Present
Zico Holdings Inc