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

Issuer & Securities

Issuer/ Manager
GEO ENERGY RESOURCES LIMITED
Securities
GEO ENERGY RESOURCES LIMITED - SG2F24986083 - RE4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Feb-2024 20:33:34
Status
New
Announcement Sub Title
Retirement of Non-Executive and Lead Independent Director
Announcement Reference
SG240227OTHRIVIX
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Non-Executive and Lead Independent Director

Additional Details

Name Of Person
Lu King Seng
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
Mr Lu King Seng ("Mr Lu") has decided to retire as Non-Executive and Lead Independent Director.

Following his retirement, Mr Lu will cease to be the Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit and Risk Committee.

This is in line with the Company's Board transition plan, following the new listing rules announced on 11 January 2023 by the Singapore Exchange Regulation on limiting the tenure of independent directors to nine years.
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
25/09/2012
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit and Risk Committee.
Role and responsibilities
Lead Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit and Risk Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest: 1,000,000 ordinary shares in Geo Energy Resources Limited
Past (for the last 5 years)
Swag EV Pte. Ltd.
Taka Jewellery Holdings Limited
JLogo Holdings Limited
Orion Advisory Pte. Ltd.
Orion Polymer Pte. Ltd.
Supreme Wagon Automotive Pte Ltd
Lincotrade & Assocates Holdings Limited
Present
Orion Business Consultancy Pte. Ltd.
Orion Business Advisory Pte. Ltd.
Optimus Peak Pte. Ltd.
Rainwood International Pte. Ltd.