Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - MR KHOO HO TONG
Issuer & Securities
NAM LEE PRESSED METAL INDUSTRIES LIMITED
NAM LEE PRESSED METAL INDS LTD - SG1X43941639 - G0I
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR - MR KHOO HO TONG
Submitted By (Co./ Ind. Name)
Yong Koon Chin
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Khoo Ho Tong as Independent Non-Executive Director.
Name Of Person
Khoo Ho Tong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
In line with the Board's renewal process, Mr Khoo has expressed his views that having served for more than 9 years, he decided not to seek re-election and retire as an Independent Non-Executive Director of the Company at the conclusion of the Company's Annual General Meeting held on 20 January 2020 and concurrently ceased to be the Chairman of the Audit Committee and Member of Remuneration and Nominating Committees.
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.)
Independent Non-Executive Director
Chairman of Audit Committee
Member of Remuneration and Nominating Committees
Role and responsibilities
Carry out the responsibilities as Independent Director, Chairman of Audit Committee and Member of Remuneration and Nominating Committees.
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?
Mr Khoo holds 400,000 ordinary shares in the share capital of the Company.
Past (for the last 5 years)
i. Aztech Group Ltd
ii. SAA Global Education Centre Pte Ltd
iii. Viz Branz Holdings Pte Ltd
i. Transit-mixed Concrete Ltd
ii. Singapore Institute of Accredited Tax Professionals Limited