Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
NERA TELECOMMUNICATIONS LTD
Securities
NERATELECOMMUNICATIONS LTD - SG1I64883495 - N01
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Mar-2020 20:03:59
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG200318OTHR0KE3
Submitted By (Co./ Ind. Name)
Chan Wan Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director at the Annual General Meeting

Additional Details

Name Of Person
Tan Lye Huat
Age
71
Is effective date of cessation known?
No
If No, please advise when the date will be announced
The effective date of retirement will be released together with Notice of AGM.
Detailed Reason (s) for cessation
Mr Tan will retire as Independent Director of the Company at the conclusion of the forthcoming Annual General Meeting scheduled to be held in April 2020.
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
28/01/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of the Nominating Committee
Role and responsibilities
Contribute recommendations to the Board on relevant matters such as the process for evaluating individual, Committee, Board performances, independency, director selection/nomination/appointments and ensurig compliance with the provisions of the Constitution of the Company as well other regulatory requirements.
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)
S P Corporation Limited, Japan Foods Holding Ltd, Dynamic Colours Limited, Neo Group Limited
Present
S P Corporation Limited, Japan Foods Holding Ltd, Dynamic Colours Limited, Neo Group Limited