Change - Announcement of Cessation::Retirement of Lead Independent Director

Issuer & Securities

Issuer/ Manager
CHINA HAIDA LTD.
Securities
CHINA HAIDA LTD. - SG1Q42922142 - C92
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jun-2020 16:53:21
Status
New
Announcement Sub Title
Retirement of Lead Independent Director
Announcement Reference
SG200629OTHR5UM4
Submitted By (Co./ Ind. Name)
Marilyn Tan Lay Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Soh Beng Keng as the Lead Independent Director of the Company with effect from 29 June 2020.

Additional Details

Name Of Person
Soh Beng Keng ("Mr Soh")
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2020
Detailed Reason (s) for cessation
Due to retirement age and as part of the Board rejuvenation process and good corporate governance practice, Mr Soh, having been serving on the Board for more than 13 years, decided to retire as the Lead Independent Director of the Company pursuant to Article 107 of the Constitution of the Company at the conclusion of the Annual General Meeting held on 29 June 2020.
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
27/04/2007
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee, member of the Nominating Committee and Remuneration 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) Sino Grandness Food Industry Group Limited
(2) BM Mobility Ltd
Present
ISDN Holdings Ltd