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

Issuer & Securities

Issuer/ Manager
ENGRO CORPORATION LIMITED
Securities
ENGRO CORPORATION LIMITED - SG1H26001476 - S44
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2017 17:06:45
Status
New
Announcement Sub Title
Resignation of Non-Executive Independent Director
Announcement Reference
SG171229OTHRM2AL
Submitted By (Co./ Ind. Name)
Joanna Lim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Ng Tat Pun ("Mr Ng") as Non-Executive Independent Director. Following his resignation, Mr Ng will also cease as the Chairman of the Audit Committee and a Member of the Remuneration Committee.

Additional Details

Name Of Person
Ng Tat Pun
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2017
Detailed Reason (s) for cessation
To facilitate Board renewal of directors pursuant to corporate governance principles. The Board and the Management of EnGro Group would like to record their sincere appreciation and thanks to Mr Ng Tat Pun for his invaluable contributions to the Company's development over the past 15 years and wish him all the very best for the future.
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
01/07/2002
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Audit Committee Chairman and Remuneration Committee member.
Role and responsibilities
Non-Executive Independent Director
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
Since 2006 : Thai Beverage PLC (a listed company in Thailand)
Since 2012 : Sing Investments & Finance Ltd

Attachments

EnGro Ann Resign NEID Change Board Composition_NTP.pdf
Total size =61K