Change - Announcement of Cessation::Retirement of Independent Director - Mr Ho Ah Seng, William

Issuer & Securities

Issuer/ Manager
SINGAPURA FINANCE LTD
Securities
SINGAPURA FINANCE LTD - SG1M01001924 - S23
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2024 18:13:54
Status
New
Announcement Sub Title
Retirement of Independent Director - Mr Ho Ah Seng, William
Announcement Reference
SG240229OTHRROLU
Submitted By (Co./ Ind. Name)
Lee Tiong Hock
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Ho Ah Seng, William as Independent Director.

Additional Details

Name Of Person
HO AH SENG, WILLIAM
Age
82
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
The Company wishes to announce the retirement of Mr William Ho as Independent Director of the Company at the conclusion of the Annual General Meeting, to be held on 25 April 2024, to facilitate Board renewal as he has served as director for more than 9 years, and pursuant to Listing Rule 210(5)(d)(iv), he will not be considered independent.
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
26/08/2011
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Member of Audit Committee, Nominating Committee, Remuneration Committee and Risk Management Committee
Role and responsibilities
Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 7,250 ordinary shares
Past (for the last 5 years)
Nil
Present
Singapura Finance Ltd