Change - Announcement of Cessation::Retirement of Lead Independent Director
Issuer & Securities
DUTECH HOLDINGS LIMITED
DUTECH HOLDINGS LIMITED - SG1V37936969 - CZ4
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Lead Independent Director
Submitted By (Co./ Ind. Name)
Dr Johnny Liu Jiayan
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Tang See Chim as the Lead Independent Director of the Company with effect from 25 April 2019.
Name Of Person
Tang See Chim
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and good corporate governance practice, Mr Tang See Chim, having served on the Board for more than 10 years, decided to retire as a Director of the Company pursuant to Article 107 of the Constitution of the Company at the conclusion of the Annual General Meeting of the Company held on 25 April 2019.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit Committee and member of Nominating Committee and Remuneration Committee
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
1) City Developments Limited
2) Jutha Phakakrong Shipping Company Private Limited
1) Nanyang International Educations (Holdings) Ltd.
2) Wang Bian Pte Ltd