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

Issuer & Securities

Issuer/ Manager
COSMOSTEEL HOLDINGS LIMITED
Securities
COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2023 18:15:06
Status
New
Announcement Sub Title
Cessation of Non-Executive Non-Independent Director
Announcement Reference
SG231027OTHRJUB2
Submitted By (Co./ Ind. Name)
Ong Tong Hai
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Non-Executive Non-Independent Director

Additional Details

Name Of Person
Shiro Kanaya
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2023
Detailed Reason (s) for cessation
Mr Shiro Kanaya, who was nominated for appointment as Non-Executive Non-Independent Director by Hanwa Co., Ltd. (Hanwa) pursuant to Clause 3 of the Strategic Alliance Agreement between the Company and Hanwa dated 1 December 2014, is resigning to make way for the appointment of Mr Yasuhiko Watanabe as Non-Executive Non-Independent Director pursuant to his nomination by Hanwa for appointment to the Board. Please refer to the announcement dated today for further information on Mr Yasuhiko Watanabe.
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
01/10/2021
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)
4
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.)
Non-Executive Non-Independent Director
Member of the Remuneration Committee ("RC")
Member of the Nominating Committee ("NC")
Role and responsibilities
As member of the Board, RC and NC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil