Change - Announcement of Cessation::Retirement of Independent Director - Dr Tan Boon Wan

Issuer & Securities

Issuer/ Manager
INTRACO LIMITED
Securities
INTRACO LIMITED - SG1D87001195 - I06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Apr-2024 18:03:46
Status
New
Announcement Sub Title
Retirement of Independent Director - Dr Tan Boon Wan
Announcement Reference
SG240408OTHRBPZD
Submitted By (Co./ Ind. Name)
Josephine Toh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Lead Independent Director, Chairman of the Audit Committee, Chairman of the Remuneration Committee and a Member of the Nominating Committee.

Additional Details

Name Of Person
Tan Boon Wan
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Pursuant to Regulation 115 of the Company s Constitution, Dr Tan Boon Wan ("Dr Tan") will retire as Director of the Company at the conclusion of the Annual General Meeting to be held on 25 April 2024 and will not be seeking re-election.

Accordingly, Dr Tan will also cease as Lead Independent Director, Chairman of the Audit Committee, Chairman of the Remuneration Committee and a member of the Nominating Committee.

The Board would like to express its gratitude towards Dr Tan for his valuable and significant contributions to the Company 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
05/10/2004
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee, Chairman of the Remuneration Committee and a Member of the Nominating Committee.
Role and responsibilities
Lead Independent Director, Chairman of the Audit Committee, Chairman of the Remuneration Committee and a Member of the Nominating 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
Other Directorships
Past (for the last 5 years)
Nil
Present
Provenance Capital Pte. Ltd.