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

Issuer & Securities

Issuer/ Manager
HOTEL ROYAL LIMITED
Securities
HOTEL ROYAL LTD - SG1P12002132 - H12
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2015 18:44:32
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG150425OTHRVAWJ
Submitted By (Co./ Ind. Name)
SHARON YEOH
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Additional Details

Name Of Person
NG KOK LIP
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2015
Detailed Reason (s) for cessation
Mr Ng Kok Lip had served on the Board of Directors for about 12 years. He did not wish to seek re-appointment and retired following the conclusion of the Annual General Meeting held on 25 April 2015. This will allow the Board to refresh itself in an orderly and progressive manner while retaining institutional memory.
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
01/01/2003
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Remuneration Committee Chairman, Member of Audit and Risk Committee and Nominating Committee

Role and responsibilities
Fulfilling the responsibilities of Non-Executive 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?
No
Past (for the last 5 years)
Nil
Present
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Choon Kim Investment Pte Ltd
Choon Kim Property Pte Ltd
Singapore Shippers' Academy Pte. Ltd.