REPL::Change - Announcement of Cessation::Retirement of Lead Independent and Non-Executive Director
Issuer & Securities
Issuer/ Manager
SAMKO TIMBER LIMITED
Securities
SAMKO TIMBER LIMITED - SG1W64939547 - E6R
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2024 10:47:52
Status
Replacement
Announcement Sub Title
Retirement of Lead Independent and Non-Executive Director
Announcement Reference
SG240426OTHRL5GU
Submitted By (Co./ Ind. Name)
Riko Setyabudhy Handoko
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Lead Independent and Non-Executive Director
This replacement announcement supersedes the earlier announcement in relation to the Retirement of Lead Independent and Non-Executive Director, released on 26 April 2024 at 19:01:00 (Announcement Reference: SG240426OTHRL5GU).
Shareholders to note that this announcement has been revised to reflect the correct information on Other Directorships (Past and Present). Saved as aforesaid, the content of the announcement remains the same.
Additional Details
Name Of Person
Ng Cher Yan
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
In line with the mandatory 9-year tenure limit for independent director to serve on the Board under the new requirements of the SGX-ST Listing Rules, Mr Ng Cher Yan has retired by rotation pursuant to Article 94 of the Company's Constitution as a Lead Independent Director of the Company at the conclusion of the Annual General Meeting held on 26 April 2024 to facilitate the Board renewal process in the Company. Upon his retirement, he has also relinquished his roles in the respective Board Committees and ceased as the Chairman of the Audit Committee ("AC"), and a member of the Nomination Committee ("NC"), Remuneration Committee ("RC") and Board Risk Committee ("BRC") of the Company respectively.
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
14/12/2007
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent and Non-Executive Director, Chairman of the AC, and a member of the NC, RC and BRC
Role and responsibilities
Non-Executive
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)
1. Bull Will Co Ltd
2. MoneyMax Financial Services Ltd
Present
1. Vicplas International Ltd
2. Serial System Ltd
Related Announcements
Related Announcements
26/04/2024 19:01:00