Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
OVERSEAS EDUCATION LIMITED
Securities
OVERSEAS EDUCATION LIMITED - SG2F49989922 - RQ1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Apr-2024 18:54:33
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240425OTHRZNBZ
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Leow Wee Kia Clement ("Mr Leow") as Independent Director of the Company.

The number of the Independent Directors currently resident in Singapore includes the appointment of Mr Jong Voon Hoo and Associate Professor Leong Ching Ching, the cessations of Mr Ho Yew Mun and Mr Leow, and the redesignation of Mr Tan Teng Muan announced today.

The number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months does not include the cessations of Mr Ho Yew Mun and Mr Leow announced today.

Additional Details

Name Of Person
Leow Wee Kia Clement
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
To comply with Rule 210(5)(d)(iv) of the Listing Rules and to facilitate the renewal of the Board, Mr Leow will be stepping down as an Independent Director of the Company with effect from the conclusion of the annual general meeting on 25 April 2024. He will concurrently relinquish his positions as Chairman of the Nominating Committee and Remuneration Committee and member of the Audit Committee.
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
26/12/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and Remuneration Committee and member of the Audit 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
Other Directorships
Past (for the last 5 years)
Allied Technologies Limited
Present
Lum Chang Holdings Limited

Ellipsiz Ltd

MSM International Limited

Grand Team Technologies Pte Ltd