Change - Announcement of Cessation::Retirement of Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
SAKAE HOLDINGS LTD.
Securities
SAKAE HOLDINGS LTD. - SG1O42912715 - 5DO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Oct-2018 18:58:36
Status
New
Announcement Sub Title
Retirement of Non-Executive Independent Director
Announcement Reference
SG181029OTHRH4SN
Submitted By (Co./ Ind. Name)
Shu Kwan Chyuan
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Mr Lim Chee Yong has retired as Non-Executive Independent Director of the Company with effect from the conclusion of the Annual General Meeting held on 29 October 2018.

Additional Details

Name Of Person
Lim Chee Yong
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2018
Detailed Reason (s) for cessation
Mr Lim Chee Yong has retired as Non-Executive Independent Director of the Company with effect from the conclusion of the Annual General Meeting held on 29 October 2018.
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
14/07/2003
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Audit Committee and Nominating Committee and member of Remuneration Committee
Role and responsibilities
Fulfilling the responsibilities of an Independent Director
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