Change - Announcement of Cessation::Retiring as Director of the Company

Issuer & Securities

Issuer/ Manager
MARCO POLO MARINE LTD.
Securities
MARCO POLO MARINE LTD. - SG1W14938268 - 5LY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Jan-2025 07:59:48
Status
New
Announcement Sub Title
Retiring as Director of the Company
Announcement Reference
SG250117OTHRA2YR
Submitted By (Co./ Ind. Name)
Sean Lee Yun Feng
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Mr Lee Kiam Hwee Kelvin will be retiring as a Director of the Company pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST.

Mr Lee Kiam Hwee Kelvin, upon his retirement, shall cease to be an Independent Director, Chairman of the Audit Committee and Remuneration Committee and a Member of the Nominating Committee of the Company.

Additional Details

Name Of Person
Lee Kiam Hwee Kelvin
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
17/01/2025
Detailed Reason (s) for cessation
Retiring to allow progressive renewal of the board.
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
03/07/2009
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and Remuneration Committee and a Member of the 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?
No
Past (for the last 5 years)
(a) KOP Limited
Present
Nil