Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
REGAL INTERNATIONAL GROUP LTD.
Securities
REGAL INTERNATIONAL GROUP LTD. - SG1AE0000008 - UV1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Mar-2021 17:28:07
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG210311OTHR48MP
Submitted By (Co./ Ind. Name)
Su Chung Jye
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Goon Kok Loon as an Independent Director of the Company

Additional Details

Name Of Person
Goon Kok Loon
Age
79
Is effective date of cessation known?
Yes
If yes, please provide the date
11/03/2021
Detailed Reason (s) for cessation
After serving the Board of the Company for over 9 years, Mr Goon has decided to resign as an Independent Director of the Company in order to reduce his work commitments and pursue other personal interests.
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
04/03/2008
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)
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.)
Lead Independent Director, Chairman of the Audit and Nominating Committees, and Member of the Remuneration Committee
Role and responsibilities
Lead Independent Director, Chairman of the Audit and Nominating Committees, and Member of the Remuneration Committee
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
Past (for the last 5 years)
Nil
Present
1) Global Maritime Services Pte. Ltd.
2) Yongnam Holdings Ltd.
3) Venture Corporation Ltd.