Change - Announcement of Cessation::CESSATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
SITRA HOLDINGS (INTERNATIONAL) LIMITED
Securities
SITRA HOLDINGS (INTL) LIMITED - SG1V70937494 - 5LE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Oct-2021 00:55:08
Status
New
Announcement Sub Title
CESSATION OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG211030OTHR02QR
Submitted By (Co./ Ind. Name)
Steven Chew
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Michael Chin Sek Peng ("Mr Chin") as Non-Executive Independent Director. Following his cessation, Mr. Chin will ipso facto ceased to be the Lead Independent Director, Chairman of the Audit Committee and a Member of the Nominating Committee.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Leong Weng Tuck - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Michael Chin Sek Peng
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2021
Detailed Reason (s) for cessation
To facilitate Board renewal of directors pursuant to corporate governance principles. The Board and the Management of Sitra Group would like to record their sincere appreciation and thanks to Mr. Michael Chin Sek Peng for his invaluable contributions to the Company's development over the past 15 years and wish him well for the future.
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
20/09/2006
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Lead Independent Director, Audit Committee Chairman and a member of the Nominating Committee.
Role and responsibilities
Non-Executive Independent Director
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
6,300,000 shares
Past (for the last 5 years)
Singapore Women's and Children's Medical Group Pte Ltd
Present
1 Cortina Holdings Ltd
2 Sunpower Group Ltd
3 Amcorp Global Ltd (FKA Tee Land Ltd)
4 C&L Business Advisors Pte Ltd
5 PKF-ACPA Management Consultants Pte. Ltd.
6 PKF-HT KHOO PAC
7 PKF- Khoo Management Services Pte Ltd
8 PKF-CAP Advisory Partners Pte. Ltd.
9 PKF-CAP Risk Consulting Pte. Ltd.
10 PKF-CAP Tax Solutions Pte. Ltd.

Attachments

2021 10 29 Sitra Ann_Cessation of NEID n Changes to Composition of Board and Board Committees MC.pdf
Total size =90K