Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
INTERRA RESOURCES LIMITED
Securities
INTERRA RESOURCES LIMITED - SG1R37924805 - 5GI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2021 20:34:21
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG210429OTHRDSKR
Submitted By (Co./ Ind. Name)
MARCEL TJIA
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR

Additional Details

Name Of Person
Lim Hock San
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2021
Detailed Reason (s) for cessation
Mr Lim is retiring pursuant to Regulation 100 of the constitution of the Company and will not be seeking re-election.

The Board of Directors wishes to record its appreciation to Mr Lim for his contributions to 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?
Yes
If Yes, Please provide full details
Following Mr. Lim's resignation, Mr. Ng Soon Kai will be appointed as a member of the audit committee. Please refer to the announcement of the Company made in relation to the appointment of Mr Ng Soon Kai.

As such, the minimum number of three members of the audit committee as required under Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited has been met.
Date of Appointment to current position
08/09/2012
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)
2
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.)
Independent Director, AC Member, NC Member, and RC Member.
Role and responsibilities
Roles and responsibilities of an Independent Director, AC Member, NC Member and RC 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?
Yes
Shareholding Details
Direct interest in 360,000 ordinary shares of the Company.
Past (for the last 5 years)
Past (for the last 5 years)
United Industrial Corporation Limited
Singapore Land Limited
Marina Centre Holdings Pte Ltd
Realty Management Services (Pte) Ltd
Singapore-Suzhou Township Development Pte. Ltd.
UIC Technologies Pte Ltd
Aquamarina Hotel Pte Ltd
Marina Bay Hotel Pte Ltd
Hotel Marina City Pte Ltd
China-Singapore Suzhou Industrial Park Development Co., Ltd
UIC JinTravel (Tianjin) Co. Ltd
Singland Chengdu Development Co Ltd
Ascendas Fund Management (S) Limited
Park Venture Pte Ltd
Air Transport Training College Pte Ltd
Brendale Pte Ltd
Present
Gallant Venture Ltd
Indofood Agri Resources Ltd