Change - Announcement of Cessation::RETIREMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
GP INDUSTRIES LIMITED
Securities
GP INDUSTRIES LIMITED - SG1C12012995 - G20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jun-2024 19:11:14
Status
New
Announcement Sub Title
RETIREMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG240619OTHR7X6J
Submitted By (Co./ Ind. Name)
Wong Yoen Har
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF MR LIM AH DOO AS NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY

Additional Details

Name Of Person
Lim Ah Doo
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2024
Detailed Reason (s) for cessation
Mr Lim Ah Doo ("Mr Lim") has served on the Board as Non-Executive Independent Director beyond nine years from the date of his first appointment. In compliance with the new Listing Rule on the 9-year rule for independent director to serve on the board of listed companies and to facilitate the Board's renewal in the Company, Mr Lim has thus decided not to seek for re-election pursuant to Article 101 of the Company's Constitution at the conclusion of the Annual General Meeting to be held on 26 July 2024. Mr Lim will step down as Lead Independent Director, Chairman of Audit and Risk Committee and Member of 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
15/05/1997
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit and Risk Committee and Member of Nominating Committee and Remuneration Committee
Role and responsibilities
Lead Independent Director and Non-Executive Independent Director
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
300,000 Shares in GP Industries Limited
Past (for the last 5 years)
ARA Trust Management (Cache) Limited - Independent Director
Present
GDS Holdings Limited - Independent Director
Olam International Limited - Non-Executive Chairman and Independent Director
Singapore Technologies Engineering Ltd - Independent Director