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

Issuer & Securities

Issuer/ Manager
HOTEL ROYAL LIMITED
Securities
HOTEL ROYAL LIMITED - SG1P12002132 - H12
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2024 17:28:10
Status
New
Announcement Sub Title
Cessation of Independent and Non-Executive Director
Announcement Reference
SG240228OTHRIRV4
Submitted By (Co./ Ind. Name)
Sin Chee Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent and Non-Executive Director

Additional Details

Name Of Person
Dr Tan Kim Song
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2024
Detailed Reason (s) for cessation
As part of the Board rejuvenation process and good corporate governance practice, Dr Tan Kim Song ("Dr Tan") who would have served as Independent and Non-Executive Director of the Company for an aggregate period of nine years on 2 March 2024, will retire from the Board on 28 February 2024, in line with the nine years rule. Dr Tan will concurrently cease to be the Chairman of the Audit and Risk Committee ("ARC") and members of the Nominating Committee ("NC") and Remuneration Committee ("RC") on 28 February 2024.

The Board expresses its appreciation to Dr Tan for his leadership and invaluable contributions during his tenure of service.
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
02/03/2015
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)
2
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.)
Chairman of the ARC, Non-Executive Director of the Board and a member of the NC and RC
Role and responsibilities
Duties as Chairman of the ARC, Non-Executive Director of the Board and a member of the NC and RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
NIL