Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
MDR LIMITED
Securities
MDR LIMITED - SG1N26909308 - A27
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jun-2020 20:03:00
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG200629OTHRO6X2
Submitted By (Co./ Ind. Name)
Madan Mohan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Lai Yew Fei as as an Independent Director at the conclusion of AGM held on 29 June 2020.

Additional Details

Name Of Person
Mr Lai Yew Fei
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2020
Detailed Reason (s) for cessation
Mr Lai Yew Fei ("Mr Lai") retired at the conclusion of the Company's AGM held on 29 June 2020 as he had given notice to the Company of his intention of not seeking re-election. Upon his cessation as Independent Director of the Company, Mr Lai has also ceased to be the Chairman of the Nominating Committee and a member of the Audit and Risk Committee and Remuneration Committee.
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
01/06/2017
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.)
Independent Non-Executive Director
ARC Member
NC Chairman
RC Member
Role and responsibilities
Independent Non-Executive Director;
Member of Audit and Risk Committee;
Chairman of Nominating Committee; and
Member of Remuneration Committee.
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)
Nil
Present
Nil