Change - Announcement of Cessation::Retiring as Director of the Company

Issuer & Securities

Issuer/ Manager
MARCO POLO MARINE LTD.
Securities
MARCO POLO MARINE LTD. - SG1W14938268 - 5LY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Jan-2020 00:07:02
Status
New
Announcement Sub Title
Retiring as Director of the Company
Announcement Reference
SG200106OTHRCEEY
Submitted By (Co./ Ind. Name)
Sean Lee Yun Feng
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Mr Lim Han Boon will be retiring as a Director of the Company pursuant to Regulation 103 of the Constitution of the Company and he will not be seeking for re-election at the Annual General Meeting.

Additional Details

Name Of Person
Lim Han Boon
Age
56
Is effective date of cessation known?
Yes
If yes, please provide the date
21/01/2020
Detailed Reason (s) for cessation
Retiring to allow progressive renewal of the Board.
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
13/09/2007
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit Committee, Member of Nominating Committee, Member of Remuneration Committee
Role and responsibilities
Non-Executive
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
Mr Lim Han Boon holds 364,101 Ordinary Shares and 291,280 Warrants of the Company as at the date of this announcement.
Past (for the last 5 years)
Independent Director of Addvalue Technologies Ltd
Present
Independent Director of China Mining International Limited