Change - Announcement of Cessation::Announcement of Cessation as Independent Director

Issuer & Securities

Issuer/ Manager
OUE LIMITED
Securities
OUE LIMITED - SG2B80958517 - LJ3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2024 22:31:39
Status
New
Announcement Sub Title
Announcement of Cessation as Independent Director
Announcement Reference
SG240331OTHR4R9V
Submitted By (Co./ Ind. Name)
Kelvin Chua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lo Kee Wai, Kelvin as an Independent Director and the chairman of the Audit Committee of OUE Limited.

Additional Details

Name Of Person
Lo Kee Wai, Kelvin
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
01/04/2024
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Lo Kee Wai, Kelvin ("Mr Lo") will resign as an Independent Director of OUE Limited with effect from 1 April 2024. Upon his resignation, Mr Lo will also cease to be the chairman of the Audit Committee.
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
19/07/2006
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Chairman of Audit Committee
Role and responsibilities
Non-executive
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?
No
Past (for the last 5 years)
1. Aveo Group Limited

2. Aveo Funds Management Limited
Present
Alliance Law Group Pty Ltd