Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Securities
SINGAPORE TECH ENGINEERING LTD - SG1F60858221 - S63
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2018 17:20:50
Status
New
Announcement Sub Title
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG181228OTHRYC5V
Submitted By (Co./ Ind. Name)
Lim Sok Hoon
Designation
Assistant Manager, Trusted Services Pte Ltd
Description (Please provide a detailed description of the event in the box below)
Resignation of Dr Stanley Lai Tze Chang as independent non-executive Director of Singapore Technologies Engineering Ltd.

Additional Details

Name Of Person
Stanley Lai Tze Chang
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2018
Detailed Reason (s) for cessation
Dr Lai has been on the Board for over 9 years and has decided to step down for board rejuvenation and as a matter of good governance.
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
08/10/2009
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)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent non-executive Director and Audit Committee member
Role and responsibilities
As above
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?
Yes
Shareholding Details
ST Engineering - 148,840 ordinary shares fully paid
Past (for the last 5 years)
Singapore Shipping Corporation Limited
ST Engineering Aerospace Ltd.
Stamford Land Corporation Ltd
Present
Director, Changi Cove Pte Ltd
Director, Haggai Institute for Advanced Leadership Training Limited
Board Chairman, Intellectual Property Office of Singapore
Director, NTU Ventures Private Limited
Member, Board of Governors, Raffles Institution

Attachments