Change - Announcement of Cessation::RETIREMENT OF MR LOH YIH AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY

Issuer & Securities

Issuer/ Manager
BAN LEONG TECHNOLOGIES LIMITED
Securities
BAN LEONG TECHNOLOGIES LIMITED - SG1R62925800 - B26
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Jul-2024 17:44:28
Status
New
Announcement Sub Title
RETIREMENT OF MR LOH YIH AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY
Announcement Reference
SG240703OTHROPEE
Submitted By (Co./ Ind. Name)
Ronald Teng Woo Boon
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Lead Independent Non-Executive Director - Mr Loh Yih

Additional Details

Name Of Person
Loh Yih
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
19/07/2024
Detailed Reason (s) for cessation
Mr Loh Yih ("Mr Loh") has served as Independent Director of the Company beyond nine (9) years from the date of his first appointment. In compliance with the Listing Rule 210(5)(iv) of the SGX-ST Mainboard Rules, which prescribed a nine-year tenure limit for independent directors, Mr Loh will be stepping down as Independent Director of the Company upon the conclusion of the forthcoming Annual General Meeting on 19 July 2024. Mr Loh will also be relinquishing his positions as Lead Independent Director, Chairman of the Audit Committee and the Remuneration Committee as well as a Member of the Nominating 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?
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
12/05/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1)Lead Independent Director
2)Chairman of the Audit Committee
3)Chairman of the Remuneration Committee
4)Member of the Nominating Committee
Role and responsibilities
Lead Independent Non-Executive Director, Chairman of the Audit Committee and the Remuneration Committee and Member of the Nominating Committee.
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
Direct Interest: 4,500,000 ordinary shares
Past (for the last 5 years)
1) International Press Softcom Limited (now known as IPSCOM Pte. Ltd.)
Present
1) MGF Management Pte Ltd
2) Cavangh Group Pte Ltd
3) Acesian Partners Limited and its subsidiary
4) MGF Capital Limited
5) Shandong Heavy Industry Group
6) Memontum Pte Ltd
7) Pillocomm Pte Ltd