Change - Announcement of Cessation::Cessation of Independent Director Who is the Chairman of the Audit Committee
Issuer & Securities
MERMAID MARITIME PUBLIC CO LTD
MERMAID MARITIME PUBLIC CO LTD - TH0955010002 - DU4
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Director Who is the Chairman of the Audit Committee
Submitted By (Co./ Ind. Name)
Mr. Wuthichai Chongcharoenrungrot
Senior Manager, Legal & Corporate Affairs Dept.
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Ng Cher Yan as Independent Director, Chairman of the Audit Committee and the Remuneration Committee, and as a Member of the Nomination Committee and the Risk Management Committee.
Name Of Person
Mr. Ng Cher Yan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Ng Cher Yan retired as a Director at the Annual General Meeting of Shareholders of the Company No. 01/2017 held on 25 April 2017. As a result of his retirement, Mr. Ng also ceased to be Chairman of the Audit Committee and the Remuneration Committee, and a Member of the Nomination Committee and the Risk Management Committee respectively.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
The Company would like to record its appreciation to Mr. Ng who has been a Director of the Company since 19 June 2012. We thank him for his contributions and insights and wish him well.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and Remuneration Committee, and Member of Nomination Committee and Risk Management Committee
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
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