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

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Aug-2024 07:44:08
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director and Chairman
Announcement Reference
SG240801OTHRXGK9
Submitted By (Co./ Ind. Name)
Teo Tong How
Designation
Independent Non-Executive Director and Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Non-Executive Director and Chairman

Additional Details

Name Of Person
Teo Tong How
Age
81
Is effective date of cessation known?
Yes
If yes, please provide the date
24/10/2024
Detailed Reason (s) for cessation
Relate to Company's plan for board renewal, as the current Independent Non-Executive Directors of the Board have exceeded the 9-year tenure limit pursuant to Listing Rule 210(5)(d)(iv).
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
04/07/2014
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 Non-Executive Director and Chairman, member of Nominating 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?
Yes
Shareholding Details
8,215,600 ordinary shares (4.56%) in the Company
Past (for the last 5 years)
Directorships:
- Aspire55 Sterling Pte. Ltd.
- Bellevue Global Trust Private Limited
- Chelsford Green Pte. Ltd.
- Feature Green Pte. Ltd.
- Feature Investment Pte. Ltd.
- Feature Land Pte. Ltd.
- Popular Land Pte. Ltd.
- Prime Life Management Pte. Ltd.
Present
Directorships:
- 10 Redwood Development Pte. Ltd.
- Aspire55 Pte. Ltd.
- Cosy Investment Pte. Ltd.
- Daniel Teo & Associates Pte. Ltd.
- Dankhim Development Pte. Ltd.
- Dankhim International Holdings Pte. Ltd.
- Dankhim Investment Pte. Ltd.
- Dankhim Holdings Sdn Bhd
- Dankhim Holdings Ltd, BVI
- Dunman Capital Pte. Ltd.
- Eight Novena Development Pte. Ltd.
- Fairview Developments Private Limited
- Feature Development Pte. Ltd.
- Fraxtor Gardenia Development Pte. Ltd.
- Goh Loo Club Limited
- Grove Development Pte. Ltd.
- Haig Development Pte. Ltd.
- Hillside View Development Pte. Ltd.
- Hillside Waterfront Development Pte. Ltd.
- Hong How Corporation Pte. Ltd.
- Hong How Projects Pte. Ltd.
- Hong How Investments Pte. Ltd.
- Hong How Land Pte. Ltd.
- Instant Yield Sdn Bhd
- International City Holdings Pte. Ltd.
- Mandai Birds Sanctuary (S) Pte. Ltd.
- Maltstore Swanson Street Pty Ltd (VIC)
- Merino Development Pte. Ltd.
- Mount Rosie Development Pte. Ltd.
- Prime Residence Home Pte. Ltd.
- Raffles Money Change Pte. Ltd.
- Raffles Exchange Pty Ltd (NSW)
- Singapore Ballet Limited
- Sterling Asia Health Pte. Ltd.
- The Maltstore Pte. Ltd.
- The Musical Box Museum Limited
- The Private Museum Ltd.
- Thye San Development Private Limited
- Tong Eng Brothers (Pte). Ltd.
- Wetterling Teo Gallery Pte. Ltd.
- Zanddrift Investments International Pte. Ltd.

Other principal commitments:
1979 to present: Managing Director / Director of Hong How Corporation Pte Ltd.
1968 to present: Director of Tong Eng Brothers (Pte) Ltd.