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

Issuer & Securities

Issuer/ Manager
LUMINOR FINANCIAL HOLDINGS LIMITED
Securities
LUMINOR FINANCIAL HOLDINGS LTD - SG2E72981474 - 5UA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2024 04:51:30
Status
New
Announcement Sub Title
Retirement of Non-Executive Independent Chairman
Announcement Reference
SG240409OTHRFX7V
Submitted By (Co./ Ind. Name)
Kwan Yu Wen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive Independent Chairman of the Company, Mr Foong Daw Ching ("Mr Foong").

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

Additional Details

Name Of Person
Foong Daw Ching
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
In view that Mr Foong's tenure with the Company has exceeded 9 years, Mr Foong has decided to retire at the upcoming AGM of the Company to facilitate board renewal.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Foong as the Non-Executive Independent Chairman 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
26/03/2012
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Non-Executive Independent Chairman, AC Chairman, NC Member, RC Member, and RMC Member
Role and responsibilities
Duties of Non-Executive and Independent Chairman, Chairman of the Audit Committee and member of the Nominating, Remuneration and Risk Management Committees.
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?
No
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