Change - Announcement of Cessation:: Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
RAFFLES INFRASTRUCTURE HOLDINGS LIMITED
Securities
RAFFLES INFRASTRUCTUREHLDGSLTD - BMG7354C1038 - LUY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2023 17:17:58
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG231027OTHRMKTV
Submitted By (Co./ Ind. Name)
Gn Jong Yuh Gwendolyn
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Director

Additional Details

Name Of Person
Chay Yiowmin
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
27/10/2023
Detailed Reason (s) for cessation
Mr Chay Yiowmin has resigned in view of the requisition by shareholders to remove Mr Chay Yiowmin as a Director of the Company. Mr Chay Yiowmin feels that he is being hindered in exercising his duties to the shareholders and his obligations to the relevant authorities with the receipt of the requisition letter.

Mr Chay Yiowmin confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation.
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
13/12/2021
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Role and responsibilities
Independent Director and Chairman of the Audit Committee
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)
Metech International Limited
Libra Group Limited
Ksenja Pte. Ltd.
Voxpace Pte. Ltd.
TSU Investment Pte. Ltd.
American Ethane Capital Pte. Ltd.
Vanfo Hino Holdings Pte. Ltd.
Nelson G Advisory Pte. Ltd.
Vanfoankang Investment Pte. Ltd.
Wanlongxingye Holdings Pte. Ltd.
CCA Fund Services Pte. Ltd.
Vanbo Investments Pte. Ltd.
Present
United Power Corporation (Singapore) Pte Ltd
Ntegrator Holdings Limited
UMS Holdings Limited
Mary Chia Holdings Limited
Xemaco Group Pte. Ltd.
Basechem Trading Pte. Ltd.
Chay Corporate Advisory Pte. Ltd.
8I Holdings Limited
Roxana Shipping Pte. Ltd.
2YSL Pte. Ltd.
Moon Pay Pte. Ltd.
Vanbo Management Pte. Ltd.
TomoWork Ltd.
Chay Corporate Advisory Sdn. Bhd.
Chay Corporate Advisory (HK) Limited