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

Issuer & Securities

Issuer/ Manager
SP CORPORATION LIMITED
Securities
SP CORPORATION LIMITED - SG1AJ0000007 - AWE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Apr-2022 20:15:24
Status
New
Announcement Sub Title
Resignation of Non-Executive and Independent Director
Announcement Reference
SG220413OTHR5DQI
Submitted By (Co./ Ind. Name)
Lee Pih Peng
Designation
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Peter Sung as a Non-Executive and Independent Director of the Company. Following Mr Sung's resignation, he ceases to be the Chairman of the Board, Chairman of the Remuneration Committee and member of the Audit and Risk Committee.

Additional Details

Name Of Person
Peter Sung
Age
82
Is effective date of cessation known?
Yes
If yes, please provide the date
13/04/2022
Detailed Reason (s) for cessation
Mr Sung gave notice of his resignation to facilitate Board renewal and succession planning.
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
28/01/2002
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)
1
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.)
Chairman, Non Executive & Independent Director
Remuneration Committee (Chairman)
Audit and Risk Committee (Member)
Role and responsibilities
Responsibilities as Chairman, Independent Director, Chairman of the Remuneration Committee and Member of the Audit and Risk Committee
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)
Nil
Present
Calbert Pte. Ltd.