Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
AEI CORPORATION LTD.
Securities
AEI CORPORATION LTD - SG1AJ1000006 - AWG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2021 18:06:38
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG210429OTHRHHPN
Submitted By (Co./ Ind. Name)
Lum Soh Ping
Designation
Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Vasoo Sushilan
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
28/04/2021
Detailed Reason (s) for cessation
Retired and did not seek re-election at the Company's Annual General Meeting held on 28 April 2021.
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
26/12/2003
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)
3
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.)
Independent Director, Chairman of the Remuneration Committee and member of the Audit and Nominating Committees
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
Direct interest of 10,000 shares and 10,000 warrants of the Company.
Past (for the last 5 years)
Nil
Present
Taurx Pharmaceuticals Ltd
Singapore Press Holdings Foundation