Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ISDN HOLDINGS LIMITED
Securities
ISDN HOLDINGS LIMITED - SG1S48927937 - I07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2024 18:55:26
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG240430OTHRBTDC
Submitted By (Co./ Ind. Name)
Teo Cher Koon
Designation
President and Managing Director
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF CESSATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Additional Details

Name Of Person
LIM SIANG KAI
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr. Lim Siang Kai was appointed as an Independent Non-executive Director on 26 September 2005 and has served as an Independent Non-executive Director for more than 18 years. Pursuant to Listing Rule 210(5)(d)(iv), a director will not be independent if he has been a director of an issuer for an aggregate period of more than nine years (whether before or after listing).

Accordingly, Mr. Lim Siang Kai has indicated that he will not be seeking re-election at the Annual General Meeting and will be retiring as an Independent Non-executive Director at the conclusion of the Annual General Meeting.

He will step down from his position as the Chairman of the Audit Committee and Risk Management Committee, as well as a member of the Remuneration Committee and Nominating Committee.
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
26/09/2005
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.)
Independent Non-executive Director, member of the RC and NC and Chairman of the AC and RMC.
Role and responsibilities
Independent Non-executive director, member of the Remuneration Committee and Nominating Committee and Chairman of the Audit Committee and Risk Management Committee.
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)
Joyas International Holdings Limited
Independent Non-Executive Director
(December 2007 - December 2021)

D'nonce Technology Berhad
Non-Independent Director and Non-Executive Chairman
(June 2019 - December 2021)

Beijing Gas Blue Sky Holdings Limited (formerly known as Blue Sky Power Holdings Limited and China Print Power Group Limited)
Independent Non-Executive Director
(May 2007 - March 2021)
Present
Samurai 2K Aerosol Limited
Non-Executive Chairman and Independent Non-Executive Director
(January 2017 - Present)