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

Issuer & Securities

Issuer/ Manager
BOUSTEAD SINGAPORE LIMITED
Securities
BOUSTEAD SINGAPORE LIMITED - SG1X13940751 - F9D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Jul-2025 18:59:45
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG250725OTHR39H0
Submitted By (Co./ Ind. Name)
Alvin Kok
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Boustead Singapore Limited (the "Company") wishes to announce that Mr Liak Teng Lit, a Non-Independent Non-Executive Director, has given notice to the Company that he will not be seeking re-election as a Director of the Company by rotation pursuant to Article 94 of the Company s Constitution at the Annual General Meeting on 25 July 2025. Mr Liak has accordingly retired as a Director of the Company following the conclusion of the Annual General Meeting.

The Board of Directors of the Company would like to place on record its gratitude and appreciation for the service, dedication and contributions of Mr Liak to the Company in his role as Independent Non-Executive Director, Chairman of the Nominating Committee and member of the Audit & Risk Committee.

Additional Details

Name Of Person
Liak Teng Lit
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
25/07/2025
Detailed Reason (s) for cessation
Mr Liak Teng, who is retiring pursuant to Article 94 of the Company's Constitution, has decided not to seek re-election as Director at the Company's Annual General Meeting on 25 July 2025.
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
01/04/2020
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Role and responsibilities
Chairman of the Nominating Committee
Member of the Audit & Risk 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
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil