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

Issuer & Securities

Issuer/ Manager
HOTEL ROYAL LIMITED
Securities
HOTEL ROYAL LIMITED - SG1P12002132 - H12
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Apr-2021 00:26:33
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director
Announcement Reference
SG210407OTHRH2TM
Submitted By (Co./ Ind. Name)
Sin Chee Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Non-Executive Director

Additional Details

Name Of Person
Dr Pang Eng Fong
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2021
Detailed Reason (s) for cessation
Dr Pang Eng Fong was due to retire at the Annual General Meeting ("AGM") of the Company held on 24 April 2021 pursuant to Article 117 of the Company s Constitution. He has been serving on the Board for slightly more than 9 years and decided not to seek for re-election to the Board of Directors of the Company at the forthcoming AGM as part of the Board rejuvenation process and good corporate governance practice.

Accordingly, Dr Pang Eng Fong will retire as an Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM. Upon his retirement, he will also cease to be Chairman of the Board, Lead Independent Director, Chairman of Nominating Committee ("NC") and member of the Audit and Risk Committee ("ARC") and Remuneration Committee ("RC") of the Company.

The Board expresses its appreciation to Dr Pang Eng Fong for his leadership and invaluable contributions 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
05/12/2011
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)
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.)
Non-Executive Chairman of the Board, Lead Independent Non-Executive Director, Chairman of the NC and a member of the ARC and RC
Role and responsibilities
Duties as Non-Executive Chairman, Lead Independent Non-Executive Director, Chairman of the NC and a member of the ARC and RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
NIL