Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR WHO IS AUDIT COMMITTEE CHAIRMAN

Issuer & Securities

Issuer/ Manager
SIN GHEE HUAT CORPORATION LTD.
Securities
SIN GHEE HUAT CORPORATION LTD. - SG1V04936067 - B7K
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Oct-2018 17:11:34
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR WHO IS AUDIT COMMITTEE CHAIRMAN
Announcement Reference
SG181023OTHR704R
Submitted By (Co./ Ind. Name)
Kua Ghim Siong
Designation
Chief Executive Officer
Effective Date and Time of the event
23/10/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
Mr Tan Lye Heng Paul retired as Independent Director of the Company at the conclusion of the Company's Annual General Meeting on 23 October 2018. Mr Tan accordingly relinquished his position as Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee respectively.

The Company has identified a suitable candidate to be appointed on the Board and will make the relevant announcement when appropriate.

The Board of Directors wishes to record its appreciation to Mr Tan for his contributions to the Company.

Additional Details

Name Of Person
Tan Lye Heng Paul
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
23/10/2018
Detailed Reason (s) for cessation
Mr Tan Lye Heng Paul retired as Independent Director of the Company at the conclusion of the Company's Annual General Meeting on 23 October 2018. Mr Tan accordingly relinquished his position as Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration 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?
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
01/03/2007
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
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?
Yes
Shareholding Details
40,000
Past (for the last 5 years)
TLHP CONSULTANCY PTE LTD
YEO YEW SWEE PAC
Present
SERIAL SYSTEM LTD
CA TRUST PAC
CA TRUST TAXATION PTE LTD
SECOND CHANCE PROPERTIES LTD
CHINA SUNSINE CHEMICAL HOLDINGS LTD.