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

Issuer & Securities

Issuer/ Manager
TRITECH GROUP LIMITED
Securities
TRITECH GROUP LIMITED - SG2G71000001 - 5G9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jul-2024 07:25:17
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman and Independent Director
Announcement Reference
SG240715OTHRP6UI
Submitted By (Co./ Ind. Name)
Dr Wang Xiaoning
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Professor Yong Kwet Yew as Non-Executive Chairman and Independent Director.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibilities for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Professor Yong Kwet Yew
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2024
Detailed Reason (s) for cessation
Professor Yong Kwet Yew has served as Independent Director of the Company for an aggregate period of more than 9 years. In view of the new requirements that impose hard tenure limit for Independent Directors, and the need for Board renewal, Professor Yong Kwet Yew has expressed his intention not to seek for re-election and will retire upon the conclusion of the forthcoming annual general meeting of the Company. Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the retirement of Professor Yong Kwet Yew as the Non-Executive Chairman 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
09/06/2008
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)
2
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 Chairman, Independent Director, Chairman of Nominating and Remuneration Committees, Member of Audit Committee.
Role and responsibilities
Non-Executive Chairman, Independent Director, Chairman of Nominating and Remuneration Committees, Member of Audit 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
11,300,000
Past (for the last 5 years)
Nil
Present
1. BBR Holdings (S) Ltd
2. Boustead Projects Ltd
3. Public Utilities Board (PUB)