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

Issuer & Securities

Issuer/ Manager
HAW PAR CORPORATION LIMITED
Securities
HAW PAR CORP LTD - SG1D25001158 - H02
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Feb-2021 17:44:55
Status
New
Announcement Sub Title
Retirement of Non-Executive and Independent Director
Announcement Reference
SG210222OTHR34G3
Submitted By (Co./ Ind. Name)
Lee Kay Swee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Peter Sim Swee Yam, who is retiring pursuant to Article 94 of the Company's Constitution, intends to retire as Non-Executive and Independent Director of Haw Par Corporation Limited (the "Company") after having served the full tenure of 9 years as Non-Executive and Independent Director of the Company, will not be seeking for re-election at the forthcoming Annual General Meeting of the Company.

Additional Details

Name Of Person
Peter Sim Swee Yam
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
23/04/2021
Detailed Reason (s) for cessation
Retirement after having served the full tenure of 9 years as Non-Executive and Independent Director of the Company
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
11/05/2011
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)
7
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 and Independent Director, Audit and Risk Committee member and Nominating Committee member
Role and responsibilities
Non-Executive and Independent Director, Audit and Risk Committee member and Nominating Committee member
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?
No
Past (for the last 5 years)
1. Young Men's Christian Association (YMCA) of Singapore (till May 2016); and
2. Marco Polo Marine Ltd (till 28 January 2019).
Present
1. Independent Director of Lum Chang Holdings Ltd;
2. Independent Director of Singapore Reinsurance Corporation Ltd; and
3. Independent Director of ST Group Food Industries Holdings Limited.