Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
NERA TELECOMMUNICATIONS LTD
Securities
NERATELECOMMUNICATIONS LTD - SG1I64883495 - N01
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Feb-2022 20:55:10
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG220225OTHRNFVE
Submitted By (Co./ Ind. Name)
Chan Wan Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

Additional Details

Name Of Person
Lee Kwok Cheong
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
08/03/2022
Detailed Reason (s) for cessation
Dr Lee Kwok Cheong ("Dr Lee") would attain 9 years of serving on the Board on 8 March 2022. Dr Lee has decided to step down and resign to facilitate Board renewal.

Following his resignation on 8 March 2022, Dr Lee would contemporaneously relinquish his position as the Chairman of the Remuneration Committee and a member of the Audit and Risk Management 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
08/03/2013
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee and member of Audit and Risk Management 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
Other Directorships
Past (for the last 5 years)
1. SIM Pte. Ltd.
2. Singapore (Cambodia) International
Academy
Present
1. ILA Vietnam Ltd.Co.
2. Worldwide Education and Training Limited
3. Newcastle Australia Institute of Higher Education
4. Singapore Association for Mental Health
5. Singapore Pools (Private) Limited
6. The TENG Company