Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
MANUFACTURING INTEGRATION TECHNOLOGY LTD.
Securities
MFG INTEGRATION TECHNOLOGY LTD - SG1H45875967 - M11
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Apr-2024 17:39:03
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240403OTHR58Z0
Submitted By (Co./ Ind. Name)
Lim Chin Hong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director - Lee Yong Guan

Additional Details

Name Of Person
Lee Yong Guan
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Lee Yong Guan will be retiring by rotation pursuant to Article 91 of the Company Constitution. The Board and Management of the Company would like to express their gratitude to Mr Lee Yong Guan for his invaluable contributions and guidance to the Board and the Group. Upon his retirement from the Board at the conclusion of the annual general meeting to be held on 26 April 2024, Mr Lee will also step down as Lead Independent Director, Chairman of Audit Committee and Nominating Committee and a member of the Remuneration Committee and Investment 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
11/03/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit Committee and Nominating Committee, Member of Remuneration Committee and Investment Committee.
Role and responsibilities
Non-Executive Independent
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
486,000 Ordinary Shares
Past (for the last 5 years)
NIL
Present
MayBank Singapore Limited - Non Executive Director