Change - Announcement of Cessation::Retirement of Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
THE STRAITS TRADING COMPANY LIMITED
Securities
STRAITS TRADING CO. LTD - SG1J49001550 - S20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2022 17:45:38
Status
New
Announcement Sub Title
Retirement of Independent and Non-Executive Director
Announcement Reference
SG220630OTHRES4T
Submitted By (Co./ Ind. Name)
Ngiam May Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Tan Tiong Cheng as Independent and Non-Executive Director.

Additional Details

Name Of Person
Tan Tiong Cheng
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2022
Detailed Reason (s) for cessation
Mr Tan is retiring as a Director to facilitate board renewal as he has served as an Independent Director for nine years. In addition, he would like to focus more time on his other commitments.

The Board would like to take this opportunity to record their heartfelt appreciation and thanks to Mr Tan for his valuable contributions and wish him all the best in his future endeavours.
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
01/07/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
i. Independent and Non-Executive Director
ii. Chairman of the Remuneration Committee
Role and responsibilities
Carry out the responsibilities of an Independent and Non-Executive Director and the Chairman of the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Tan holds 173,200 ordinary shares in the Company.
Other Directorships
Past (for the last 5 years)
i. UOL Group Limited
ii. Amara Holdings Limited
iii. Heeton Holdings Limited
iv. Knight Frank Asia Pacific Pte Ltd (Alternate Director)
v. Straits Real Estate Pte. Ltd.
Present
Nil