Change - Announcement of Cessation::Demise of Executive Officer

Issuer & Securities

Issuer/ Manager
MARCO POLO MARINE LTD.
Securities
MARCO POLO MARINE LTD. - SG1W14938268 - 5LY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Oct-2022 17:24:10
Status
New
Announcement Sub Title
Demise of Executive Officer
Announcement Reference
SG221018OTHR9US0
Submitted By (Co./ Ind. Name)
Sean Lee Yun Feng
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Demise of Executive Officer

Additional Details

Name Of Person
Simon Karuntu
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
15/10/2022
Detailed Reason (s) for cessation
Mr Karuntu passed away on 15 October 2022.
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
01/07/2008
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)
3
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.)
Director of Shipyard Operations
Role and responsibilities
Mr Karuntu is responsible for overseeing the overall operations and general administrative functions of our shipyard operations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Karuntu is the uncle of Sean Lee Yun Feng (Group's CEO) and Liely Lee (Group's CFO).
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
PT Marcopolo Shipyard