Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
PAN-UNITED CORPORATION LTD.
Securities
PAN-UNITED CORPORATION LTD - SG1A67000830 - P52
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2024 20:11:31
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240426OTHRLBJ8
Submitted By (Co./ Ind. Name)
Kevin Cho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Tay Siew Choon as Independent Director

Additional Details

Name Of Person
Tay Siew Choon
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Mr Tay Siew Choon retired by rotation pursuant to Regulations 89 and 90 of the Company's Constitution at the Company's Annual General Meeting held today. As part of the Board renewal process, Mr Tay had chosen not to seek re-election. The Board noted his decision and thanks Mr Tay for his dedicated long service and contributions to the Pan-United Group. The Board wishes Mr Tay success 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
01/02/2005
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)
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.)
Chairman of the Board, Chairman of the Executive Committee, Chairman of the Nominating Committee and Member of the Audit Committee
Role and responsibilities
Chairman of the Board, Chairman of the Executive Committee, Chairman of the Nominating Committee and Member of the Audit 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
He has a direct interest of 1,367,500 shareholdings in the Company.
Past (for the last 5 years)
Nil
Present
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