Change - Announcement of Cessation::CESSATION OF CHAIRMAN AND INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Securities
SINGAPORE TECH ENGINEERING LTD - SG1F60858221 - S63
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Feb-2023 06:40:57
Status
New
Announcement Sub Title
CESSATION OF CHAIRMAN AND INDEPENDENT DIRECTOR
Announcement Reference
SG230224OTHRIZKD
Submitted By (Co./ Ind. Name)
TAN WAN HOON
Designation
JOINT COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Please see attached.

Additional Details

Name Of Person
Kwa Chong Seng
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
21/04/2023
Detailed Reason (s) for cessation
Mr Kwa Chong Seng will step down as Chairman of the Board and Independent Director on 21 April 2023 as part of the Board renewal process.
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
01/09/2012
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)
7
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.)
Board Chairman, Chairman of Executive Resource and Compensation Committee and Strategy & Finance Committee and Member of Nominating Committee
Role and responsibilities
Independent Chairman
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
ST Engineering -1,261,200 Ordinary shares
Other Directorships
Past (for the last 5 years)
See attached Annex A
Present
See attached Annex A

Attachments

24022023 SGX ST Engineering - Change of Chairman.pdf
Annex A - Current List of Directorships and Past 5 years.pdf
Total size =388K