Change - Announcement of Cessation::Retirement of Independent Director of the Company

Issuer & Securities

Issuer/ Manager
WORLD PRECISION MACHINERY LIMITED
Securities
WORLD PRECISION MACHINERY LTD - SG1T29930156 - B49
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 00:07:08
Status
New
Announcement Sub Title
Retirement of Independent Director of the Company
Announcement Reference
SG240412OTHRYVDF
Submitted By (Co./ Ind. Name)
Wang Weiyao
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Announcement of the retirement of Mr Lim Yoke Hean as an Independent Director of the Company at the forthcoming annual general meeting of the Company to be held on 29 April 2024 ("AGM").

Additional Details

Name Of Person
Lim Yoke Hean
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr. Lim Yoke Hean will be retiring as a Director of the Company pursuant to Article 89 of the Company's Constitution and will not be seeking re-election at the Company's forthcoming AGM. Accordingly, he shall retire as an Independent Director of the Company and step down as members of the AC, the RC and the NC at the conclusion of the AGM.

For more information, please refer to item 3 and explanatory note (ii) of the Company's Notice of AGM dated 12 April 2024 which was released in a separate announcement today.
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
02/07/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and members of the AC, the NC and the RC
Role and responsibilities
Duties as an Independent Director and members of the AC, NC and the RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest in 200,000 ordinary shares held by spouse.
Past (for the last 5 years)
Nil
Present
Nil