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

Issuer & Securities

Issuer/ Manager
YONGNAM HOLDINGS LIMITED
Securities
YONGNAM HOLDINGS LIMITED - SG1BA3000001 - AXB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
14-Jul-2021 20:40:58
Status
New
Announcement Sub Title
Retirement of Lead Independent Non-Executive Director
Announcement Reference
SG210714OTHRRZYX
Submitted By (Co./ Ind. Name)
Seow Soon Yong
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Goon Kok Loon as the Lead Independent Non-Executive Director.

Additional Details

Name Of Person
Goon Kok Loon
Age
79
Is effective date of cessation known?
Yes
If yes, please provide the date
29/07/2021
Detailed Reason (s) for cessation
After serving the Board of the Company for over 17 years, Mr Goon Kok Loon has decided to retire as an Independent Director of the Company at the forthcoming Annual General Meeting in order to reduce his work commitments and pursue other personal interests.
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
15/07/2003
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)
3
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.)
Lead Independent Non-Executive Director, Chairman of the Audit Committee as well as a member of the Remuneration Committee and Nominating Committee.
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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
(1) Venture Corporation Limited
(2) Regal International Group Ltd.
(3) Global Maritime Services Pte. Ltd.
Present
None