Change - Announcement of Cessation::Retirement of Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
TIONG SENG HOLDINGS LIMITED
Securities
TIONG SENG HOLDINGS LIMITED - SG1BH4000005 - BFI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jun-2023 17:32:54
Status
New
Announcement Sub Title
Retirement of Non-Executive Chairman
Announcement Reference
SG230623OTHRZZ0G
Submitted By (Co./ Ind. Name)
Pay Sim Tee
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive Chairman and Independent Director, Chairman of Audit Committee, Member of Nominating, Remuneration and Risks, Environment, Social & Governance Committee.

Additional Details

Name Of Person
Ong Lay Khiam
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2023
Detailed Reason (s) for cessation
Mr Ong Lay Khiam has been serving for the Board of Directors since 2010. Mr Ong has indicated his intention to retire as Non-Executive Chairman and Independent Director, Chairman of Audit Committee, Member of Nominating, Remuneration and Risks, Environment, Social & Governance Committee to devote more time to his other commitments.
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
24/02/2010
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director, Chairman of the AC, Member of NC, RC and Risks, Environment, Social & Governance Committee.
Role and responsibilities
As Non-Executive Chairman and Independent Director, Chairman of the Audit Committee, Member of the Nominating Committee, the Remuneration Committee and the Board Risks, Environment, Social & Governance Committee.
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?
Yes
Shareholding Details
Holding 318,000 shares in Tiong Seng Holdings Limited
Past (for the last 5 years)
Lien Aid Limited
Dou Yee Enterprises (S) Pte Ltd
Present
Greenlink Digital Bank Pte Ltd