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

Issuer & Securities

Issuer/ Manager
MM2 ASIA LTD.
Securities
MM2 ASIA LTD. - SG1DC0000006 - 1B0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Jul-2024 22:58:34
Status
New
Announcement Sub Title
Retirement of Non-Executive and Non-Independent Director
Announcement Reference
SG240716OTHRNNCY
Submitted By (Co./ Ind. Name)
Melvin Ang Wee Chye
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Terry Mak Chi Hoo ("Mr Mak") as Non-Executive and Non-Independent Director

Additional Details

Name Of Person
Terry Mak Chi Hoo
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
31/07/2024
Detailed Reason (s) for cessation
Mr Mak, who is due to retire at the Company's Annual General Meeting ("AGM") pursuant to Regulation 110 of the Constitution of the Company, will not seek for re-election as a Director at the conclusion of the AGM.

Following Mr Mak's retirement, Mr Mak shall cease to a member of Remuneration Committee.

The Company would like to express its gratitude and appreciation for Mr Mak's valuable contributions to the Board during his tenure as Non-Executive and Non-Independent Director of the Company.
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
04/11/2014
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director and member of Remuneration Committee
Role and responsibilities
Non-Executive and Non-Independent Director and member of Remuneration Committee
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
Direct Interest - 85,700
Past (for the last 5 years)
1) Land Plus Ltd
2) FM Telemedia Ltd
Present
Media Station Ltd