Change - Announcement of Cessation::Retirement of Mr Lim Soo Peng as Executive Chairman
Issuer & Securities
CHEMICAL INDUSTRIES (FAR EAST) LIMITED.
CHEMICAL INDUSTRIES (F.E.) LTD - SG1B37000984 - C05
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Mr Lim Soo Peng as Executive Chairman
Submitted By (Co./ Ind. Name)
Foo Soon Soo
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Lim Soo Peng as Executive Chairman of the Board.
Name Of Person
Lim Soo Peng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Lim Soo Peng has decided to step down as Executive Chairman of the Board as part of the Board renewal process. Mr Lim remains as Executive Director and Managing Director 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
He is responsible for operations of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of Executive Director, Mr Lim Yew Khang Cecil and Mr Lim Yew Nghee
Uncle of Executive Director, Mr Lim Yew Tee Collin
Grandfather of General Manager, Mr Lin Yinjun Benjamin
Shareholding interest in the listed issuer and its subsidiaries?
Direct interest of 3,114,250 shares and deemed interest of 32,743,500 shares
Past (for the last 5 years)
Subsidiaries of Chemical Industries (Far East) Limited
S.P. Lim & Company Pte Ltd
Eastern Rubber Company (Malaya) Pte Limited