Change - Announcement of Cessation::Cessation of Independent Non-executive Director - Lim Lee Meng

Issuer & Securities

Issuer/ Manager
WILLAS-ARRAY ELEC (HLDGS) LTD
Securities
WILLAS-ARRAY ELEC (HLDGS) LTD - BMG9643L1349 - BDR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-May-2023 19:17:55
Status
New
Announcement Sub Title
Cessation of Independent Non-executive Director - Lim Lee Meng
Announcement Reference
SG230531OTHR1O48
Submitted By (Co./ Ind. Name)
Leung Hon Shing
Designation
Executive Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement by Rotation at the Forthcoming Annual General Meeting of Mr Lim Lee Meng as Independent Non-executive Director, the Lead Independent Director, the Chairman of the Audit Committee, Member of each of the Nomination Committee, the Remuneration Committee and the Compliance Committee.

Additional Details

Name Of Person
Lim Lee Meng
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2023
Detailed Reason (s) for cessation
Mr. Lim Lee Meng, an Independent Non-executive Director, has notified the Company of his intention not to offer himself for re-election at the forthcoming annual general meeting of the Company. Upon Mr. Lim's retirement, he will also cease to be the lead independent director, the chairman of the audit committee of the Company, a member of the nomination committee of the Company, a member of the remuneration committee of the Company and a member of the compliance committee of the Company.
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
28/05/2020
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)
0
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.)
Independent Non-executive Director, Lead ID, Chairman of the AC, Member of the NC, the RC and the Compliance Committee.
Role and responsibilities
Independent Non-executive Director
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
Other Directorships
Past (for the last 5 years)
Please see attached APPENDIX A.
Present
Please see attached APPENDIX A.

Attachments

Appendix A - Lim.pdf
Total size =149K