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

Issuer & Securities

Issuer/ Manager
PHARMESIS INTERNATIONAL LTD.
Securities
PHARMESIS INTERNATIONAL LTD. - SG1BH6000003 - BFK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2024 19:19:39
Status
New
Announcement Sub Title
Retirement of Non-Independent Non-Executive Director
Announcement Reference
SG240429OTHRRTI7
Submitted By (Co./ Ind. Name)
Wu Xuedan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms. Lin Yimin as Non-Independent Non-Executive Director at the Annual General Meeting

Additional Details

Name Of Person
Lin Yimin
Age
35
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Ms. Lin Yimin ("Ms. Lin"), who is subject to the retirement at the forthcoming annual general meeting ("AGM") pursuant to Article 97 of the Constitution of the Company, has relinquished for the re-election.

As such, Ms. Lin will retire as Non-Independent Non-Executive Director of the Company at the conclusion of the forthcoming AGM to be held on 30 April 2024. Concurrently, she will also cease to be a member of the Audit Committee of the Company.

The Board and Management of the Company would like to express their gratitude to Ms. Lin for her invaluable contributions during her tenure of service.
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
31/07/2023
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and a member of Audit Committee
Role and responsibilities
The role and responsibilities as a Non-Independent Non-Executive Director and a member of Audit Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Ms. Lin was nominated by Ms. Chung Chia-Jung, a controlling shareholder of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
None