Change - Announcement of Cessation::RETIREMENT OF DIRECTOR

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Dec-2021 17:47:30
Status
New
Announcement Sub Title
RETIREMENT OF DIRECTOR
Announcement Reference
SG211208OTHRTH9H
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited (the "Company") wishes to announce the retirement of Mr Low Weng Keong as a Director of the Company, with effect from 1 January 2022.

Additional Details

Name Of Person
Low Weng Keong
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2022
Detailed Reason (s) for cessation
Mr Low Weng Keong ("Mr Low") has retired from the Board effective from 1 January 2022 to pursue his personal work commitments and to facilitate Board renewal. Following his retirement, Mr Low will also cease to be the Chairman of the Audit & Risk Committee ("ARC"), Chairman of the Nominating Committee ("NC"), member of the Executive Committee and member of the Remuneration Committee ("RC").
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
23/11/2005
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)
4
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.)
Non-Executive and Independent Director, Chairman of the NC, Chairman of the ARC, member of the Executive Committee and member of the RC.
Role and responsibilities
Non-Executive and Independent Director, Chairman of the NC, Chairman of the ARC, member of the Executive Committee and member of the RC.
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?
Yes
Shareholding Details
UOL Group Limited - 37,694 shares
Past (for the last 5 years)
1) NTUC Education and Training Fund (Member of
Board of Trustees) (till October 2019)
2) Confederation of Asian and Pacific Accountants
Limited (Board member) (till May 2019)
3) Bracell Limited (formerly known as Sateri Holdings
Limited, listed on the Hong Kong Stock Exchange)
(till November 2016)
Present
1) Riverstone Holdings Limited
2) iX Biopharma Limited (listed on Catalist)
3) Haw Par Corporation Limited