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

Issuer & Securities

Issuer/ Manager
POWERMATIC DATA SYSTEMS LIMITED
Securities
POWERMATIC DATA SYSTEMS LTD - SG1BF0000003 - BCY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jul-2024 08:02:00
Status
New
Announcement Sub Title
Retirement of Non-Executive Independent Director
Announcement Reference
SG240705OTHR3NOO
Submitted By (Co./ Ind. Name)
Dr Chen Mun
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive Independent Director at the conclusion of Thirty-Fifth Annual General Meeting to be held on 25 July 2024

Additional Details

Name Of Person
Cheng Heng Tan
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
25/07/2024
Detailed Reason (s) for cessation
Mr Cheng Heng Tan ("Mr Cheng"), who will be retiring by rotation pursuant to Regulation 103 of the Constitution of the Company at the Thirty-Fifth Annual General Meeting to be held on 25 July 2024 ("AGM"), is not seeking for re-election and will be retiring at the conclusion of the AGM.

Mr Cheng will, upon retirement as Non-Executive Independent Director at the conclusion of the AGM, relinquish as a Member of the Audit and Risk Management 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
08/02/2021
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)
2
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.)
Non-Executive Independent Director and a Member of the Audit & Risk Management Committee, Nominating Committee and Remuneration Committee.
Role and responsibilities
Duties as Non-Executive Independent Director a Member of the Audit and Risk Management Committee, Nominating Committee and Remuneration Committee on which he has served.
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
Other Directorships
Past (for the last 5 years)
October 2016 to 2019 - Omakase (Partners) Pte. Ltd., Executive Director

March 2009 to 2019 - Walton Heng Investments Pte. Ltd., Executive Director

July 2016 to January 2023 - Omakase IT Pte. Ltd., Executive Director (Voluntary Struck-Off)

July 2016 to January 2023 - Omakase Facilities Pte Ltd, Executive Director (Voluntary Struck-Off)

September 2013 to February 2024 - Omakase Burger (Orchard) Pte. Ltd., Executive Director (Voluntary Struck off)
Present
February 2012 to Present - Omakase Burger Pte. Ltd., Executive Director

April 2016 to Present - Omakase Pte. Ltd., Executive Director

November 2017 to Present - Sasseur Real Estate Investment Trust, Independent Director