Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
CHALLENGER TECHNOLOGIES LIMITED
Securities
CHALLENGER TECHNOLOGIES LTD - SG1O97915910 - 573
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Apr-2023 18:33:59
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG230417OTHRUDER
Submitted By (Co./ Ind. Name)
Chia Foon Yeow
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Ms. Tan Chay Boon ("Ms. Tan") has decided
not to seek re-election at the Annual General
Meeting that will be held on 26 April 2023 and
retire as an Independent Director.

Following her retirement, Ms. Tan will cease
to be a member of the Audit, Nominating and
Remuneration Committees

Additional Details

Name Of Person
Tan Chay Boon
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2023
Detailed Reason (s) for cessation
Ms. Tan Chay Boon ("Ms. Tan") has decided not to seek re-election at the Annual General Meeting that will be held on 26 April 2023 and retire as an Independent Director.
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?
Yes
If Yes, Please provide full details
The Company is in the process of finding a replacement Independent Director who will fill Ms. Tan's roles on the Audit, Nominating and
Remuneration Committees once appointed.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/03/2013
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Independent Director, member of the Audit, Nominating and Remuneration Committees
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
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil