Change - Announcement of Cessation::RETIREMENT OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR - MR LIM WEE HANN

Issuer & Securities

Issuer/ Manager
ISEC HEALTHCARE LTD.
Securities
ISEC HEALTHCARE LTD. - SG1AD9000001 - 40T
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Mar-2024 07:13:42
Status
New
Announcement Sub Title
RETIREMENT OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR - MR LIM WEE HANN
Announcement Reference
SG240328OTHR6GU2
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lim Wee Hann ("Mr Lim") as Non-Executive and Independent Director of ISEC Healthcare Ltd. (the "Company") on 19 April 2024 (i.e. upon completion of the Annual General Meeting scheduled on that date).

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Lim Wee Hann
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
19/04/2024
Detailed Reason (s) for cessation
Mr Lim has served on the Board of Directors of the Company (the "Board") beyond nine years. In line with the new Singapore Exchange Securities Trading Limited's rule on the 9-year limit for independent director to serve on the board of listed companies and to facilitate Board's renewal in the Company, Mr Lim has thus decided to retire from the Company.

After having interviewed Mr Lim and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr Lim as a Non-Executive and Independent Director of the Company.
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
29/09/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
1
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.)
i. Non-Executive and Independent Director
ii. Member of Audit Committee
iii. Chairman of Nominating Committee
iv. Chairman of Remuneration Committee
Role and responsibilities
Carry out the responsibilities of an Independent Director, Member of the Audit Committee and Chairman of the Nominating Committee and Remuneration 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?
Yes
Shareholding Details
Mr Lim holds 50,000 ordinary shares in the share capital of
the Company.
Past (for the last 5 years)
None
Present
- Director, A. Menarini Asia-Pacific Holdings Pte. Ltd.
- Partner, Rajah & Tann Singapore LLP