Change - Announcement of Cessation::RETIREMENT OF DIRECTOR
Issuer & Securities
CHIP ENG SENG CORPORATION LTD.
CHIP ENG SENG CORPORATION LTD - SG1H36875612 - C29
CHIPENGSENG S$125M4.9%N220519 - SG7BC0000007 - 6X7B
CHIPENGSENG S$120M4.75%N210614 - SG73C5000004 - 4F1B
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF DIRECTOR
Submitted By (Co./ Ind. Name)
Chia Lee Meng Raymond
Executive Chairman and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please see below.
Name Of Person
Cheng Heng Tan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Cheng Heng Tan retired by rotation at the conclusion of the Company's Annual General Meeting held on 25 April 2018 and although eligible,did not seek re-election. Mr Cheng will concurrently cease to be the Chairman of the Nominating Committee as well as a member of the Audit Committee and the Remuneration Committee.
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?
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 Nominating Committee and member of the Audit Committee and the Remuneration 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?
Past (for the last 5 years)
1. Walton Heng Investments Pte. Ltd.
2. Omakase Burger Pte. Ltd.
3. Omakase Burger (Orchard) Pte. Ltd.
4. Sasseur Asset Management Pte. Ltd.
5. Omakase Pte. Ltd.
6. Omakase Facilities Pte. Ltd.
7. Omakase (IT) Pte. Ltd
8. Omakase (Partner) Pte. Ltd