Change - Announcement of Cessation::RE-DESIGNATION AS THE DEPUTY GROUP CEO AND STEPPING DOWN AS EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
FEDERAL INTERNATIONAL (2000) LTD
Securities
FEDERAL INT(2000) LTD - SG1BF9000004 - BDU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2021 18:47:08
Status
New
Announcement Sub Title
RE-DESIGNATION AS THE DEPUTY GROUP CEO AND STEPPING DOWN AS EXECUTIVE DIRECTOR
Announcement Reference
SG211230OTHRKRUC
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Koh Beng Guan, Don as the Deputy Group Chief Executive Officer and stepping down as an Executive Director of the Company.

Additional Details

Name Of Person
Koh Beng Guan, Don
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
The Management has recommended that Mr Koh Beng Guan, Don ("Mr Don Koh"), be re-designated as the Deputy Group Chief Executive Officer ("Deputy Group CEO").

The Board of Directors of Company has reviewed the Nominating Committee's recommendation and the qualifications, experiences, suitability of Mr Don Koh, and accordingly, the Board has approved the appointment of Mr Don Koh as the Deputy Group CEO.

Following the re-designation as the Deputy Group CEO and in line with the corporate governance best practices for a stronger element of independence on the Board, Mr Don Koh will step down as an Executive 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
01/01/2017
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.)
Executive Director
Role and responsibilities
Mr Don Koh is responsible for the operations of Alton International (S) Pte. Ltd., Alton International (Thailand) Co., Ltd., PT Fedsin Rekaayasa Pratama and other Indonesia subsidiaries of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Mr Koh Kian Kiong, the Executive Chairman and Chief Executive Officer;
Brother of Ms Maggie Koh, an Executive Director.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest of 100,000 ordinary shares.
Past (for the last 5 years)
Federal International (2000) Ltd
Present
Subsidiaries and associated companies of the Federal Group
Gunanusa Utama Pte Ltd.