Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT DIRECTOR
Issuer & Securities
YANLORD LAND GROUP LIMITED
YANLORD LAND GROUP LIMITED - SG1T57930854 - Z25
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF INDEPENDENT DIRECTOR
Submitted By (Co./ Ind. Name)
Lim Poh Choo
Description (Please provide a detailed description of the event in the box below)
Resignation of Lt. Gen (Ret) Ng Jui Ping ("General Ng") as an independent director. Upon resignation as the independent director, General Ng ceased to be the chairman of the remuneration committee ("RC"), a member of the audit committee ("AC") and a member of the risk management committee ("RMC").
Name Of Person
Ng Jui Ping
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
General Ng served as an independent director of the Company for 12 years and he is stepping down from the board of directors ("Board") of the Company in the interests of Board rejuvenation. The Company expresses its gratitude to General Ng for his valuable contributions to the Company during his tenure of service.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
independent director, the chairman of the RC, a member of the AC and a member of the RMC
Role and responsibilities
Assumed the roles and responsibilities of an independent director, the chairman of the RC, a member of the AC and a member of the RMC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
100,000 ordinary shares of the Company
Past (for the last 5 years)
1) Pacific Andes Resources Development Limited
2) Singapore Shipping Corporation Limited
3) August Asia Consulting Pte. Ltd.
4) August Nanyang Holdings Pte Ltd
5) August Technologies Pte Ltd
6) August SG Capital Pte Ltd