Change - Announcement of Cessation::Retirement of Executive Chairman - Dan Brostrom

Issuer & Securities

Issuer/ Manager
REX INTERNATIONAL HOLDING LIMITED
Securities
REX INTERNATIONAL HOLDING LTD - SG2G04994999 - 5WH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Mar-2024 07:06:56
Status
New
Announcement Sub Title
Retirement of Executive Chairman - Dan Brostrom
Announcement Reference
SG240327OTHR9K0C
Submitted By (Co./ Ind. Name)
John d'Abo
Designation
Executive Vice Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Dan Brostrom ("Mr Brostrom") as Executive Chairman.

Additional Details

Name Of Person
Dan Brostrom
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
As part of the board renewal process, Mr Brostrom has indicated to the Board of Directors that he will not be seeking for re-election at the forthcoming annual general meeting to be held on 25 April 2024 ("AGM"). Mr Brostrom will accordingly retire as an Executive Chairman of the Company upon conclusion of the AGM. Concurrently, he will also cease as a member of Audit and Remuneration Committees of the Company on 25 April 2024.
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
11/01/2013
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)
4
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.)
Executive Chairman, Member of Audit Committee and Member of Remuneration Committee
Role and responsibilities
As Chairman, Mr Brostrom leads the Board and assumes all roles and responsibilities as Chairman of the Board. As member of Audit and Remuneration Committees, Mr Brostom assumes all roles and responsibilities as member Audit and Remuneration 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?
Yes
Shareholding Details
12,297,075 ordinary shares (representing 0.94% shareholding interest) in Rex International Holding Limited
Other Directorships
Past (for the last 5 years)
Directorships and Other Principal Commitments
- Rex US Ltd.
- Rex South East Asia Ltd.
- Rex Technology Management Ltd.
- Cathay Ltd
Present
Directorships and Other Principal Commitments
- Rex International Investments Pte. Ltd.
- Rex Technology Investments Pte. Ltd.
- Rex International Holding Ltd. (BVI)
- Cathay (Venture) Pte Ltd
- Havalina Pte Ltd
- Moroxite Holding Pte. Ltd.
- Xer Technologies Pte. Ltd.