Change - Announcement of Cessation::CESSATION AS DIRECTOR

Issuer & Securities

Issuer/ Manager
DYNA-MAC HOLDINGS LTD.
Securities
DYNA-MAC HOLDINGS LTD. - SG2C93967918 - NO4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Dec-2021 17:19:42
Status
New
Announcement Sub Title
CESSATION AS DIRECTOR
Announcement Reference
SG211222OTHRNPAP
Submitted By (Co./ Ind. Name)
Lim Ah Cheng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
CESSATION AS DIRECTOR

Additional Details

Name Of Person
ONG SEH HONG
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Dr Ong Seh Hong ("Dr Ong") has served as a Director of Dyna-Mac Holdings Ltd. for an aggregate period of more than nine years and is stepping down in line with the Code of Corporate Governance. Following his cessation from the Board, Dr Ong will also cease as the Chairman of the Remuneration Committee, Member of the Audit 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
08/02/2011
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Chairman of Remuneration Committee, Member of the Audit Committee and Nominating 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
Past (for the last 5 years)
Zhongmin Baihui Retail Group Ltd.
Present
Hock Lian Seng Holdings Limited
SC3H Holding Pte Ltd
Econ Healthcare (Asia) Limited