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

Issuer & Securities

Issuer/ Manager
LION ASIAPAC LIMITED
Securities
LION ASIAPAC LTD - SG1BD6000002 - BAZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2021 17:39:26
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG211231OTHRW467
Submitted By (Co./ Ind. Name)
Lah Ling San
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Dr. Chua Siew Kiat as Independent Non-Executive Director.

Additional Details

Name Of Person
Chua Siew Kiat
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Dr. Chua Siew Kiat has tendered his resignation as Independent Non-Executive Director from 31 December 2021. He has informed that owing to the additional personal responsibilities arising from the COVID-19 pandemic, he is unable to continue taking on the duty of Independent Director at Lion Asiapac Limited.

Following his resignation, Dr. Chua shall cease to be a member of the Audit Committee, Nominating Committee, and Remuneration Committee.
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
08/05/2017
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)
1
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 Non-Executive Director and a member of the Audit Committee, Nominating Committee, and Remuneration Committee.
Role and responsibilities
Dr. Chua has been taking a role and responsibilities as an Independent Non-Executive Director and a member of the Audit Committee, Nominating Committee, and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
1. Ban Seng Guan Holdings Sdn Bhd
2. Ban Seng Guan Sdn Bhd
3. BSG Realty Sdn Bhd
4. Chua Kia Hong & Sons Sdn Bhd