Change - Announcement of Cessation::Retirement of Independent Non-Executive Director at 2024 AGM

Issuer & Securities

Issuer/ Manager
CENTURION CORPORATION LIMITED
Securities
CENTURION CORPORATION LIMITED - SG2D51973063 - OU8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Dec-2023 17:24:20
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director at 2024 AGM
Announcement Reference
SG231227OTHRLS4J
Submitted By (Co./ Ind. Name)
Kong Chee Min
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Gn Hiang Meng as Independent Non-Executive Director at the conclusion of the Company's annual general meeting to be held on 26 April 2024 ("2024 AGM").

Additional Details

Name Of Person
Gn Hiang Meng
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Having served on the Board of Directors of the Company (the "Board") for more than 16 years, Mr Gn Hiang Meng ("Mr Gn") will retire as an Independent Non-Executive Director of the Company at the conclusion of the 2024 AGM, in compliance with the new listing rule requirements announced on 11 January 2023 by the Singapore Exchange Regulation limiting the tenure of independent directors to 9 years.
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
17/05/2007
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)
5
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
Role and responsibilities
Role and responsibilities of an Independent Non-Executive Director
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?
Yes
Shareholding Details
Mr Gn is deemed to have an interest in 247,500 shares of Centurion Corporation Limited held by his spouse, Loo Bee Hoon.
Past (for the last 5 years)
Koh Brothers Group Limited

SingHaiYi Group Limited (now known as SingHaiYi Pte. Ltd.)

TEE International Limited
Present
Haw Par Corporation Limited