Change - Announcement of Cessation::Retirement of Lead Independent Director
Issuer & Securities
IPC CORPORATION LTD
IPC CORPORATION LIMITED - SG1BB8000004 - AZA
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Lead Independent Director
Submitted By (Co./ Ind. Name)
Lauw Hui Kian
Description (Please provide a detailed description of the event in the box below)
Retirement of Lead Independent Director, Chairman of the Nominating Committee and a Member of the Audit Committee and Remuneration Committee of the Company.
Name Of Person
Teo Kiang Kok
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Teo Kiang Kok ("Mr. Teo") who is retiring pursuant to Article 90 of the Company s Constitution, is not seeking re-election as a Director at the Company s Annual General Meeting ("AGM") held on 29 April 2021 in order to devote more time and attention to his other commitments. Accordingly, he retired at the conclusion of the AGM and step down as Lead Independent Director, Chairman of the Nominating Committee and a Member of the Audit Committee and Remuneration Committee 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?
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 the Nominating Committee and a Member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Responsibilities as Lead Independent Director, Chairman of the Nominating Committee and a Member of the Audit Committee and Remuneration.
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)
Memtech International Ltd
1) Hyflux Ltd
2) Jadason Enterprise Ltd
3) Wilton Resources Corporation Limited (retiring on 30 April 2021)