Change - Announcement of Cessation::RESIGNATION OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
DISA LIMITED
Securities
DISA LIMITED - SG0532000247 - 532
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
25-Oct-2024 20:01:08
Status
New
Announcement Sub Title
RESIGNATION OF NON-EXECUTIVE AND INDEPENDENT DIRECTOR
Announcement Reference
SG241025OTHRMLPB
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Lee Khai Yinn (Registered Professional, SAC Capital Private Limited)
Address: 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Telephone number: +65 6232 3210

Additional Details

Name Of Person
LAU KAY HENG
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
25/10/2024
Detailed Reason (s) for cessation
As part of the Board rejuvenation process, Mr Lau Kay Heng ("Mr Lau") has resigned from the Board at the conclusion of the Annual General Meeting ("AGM") held on 25 October 2024. Mr Lau has served the Board for more than 10 years and the Board Committees during his tenure of service.

Upon his resignation, Mr Lau has also ceased to be the Chairman of the Audit and Risks Management Committee and a member of the Nominating Committee and Remuneration Committee of the Company.

The Board and the Company would like to record the appreciation to Mr Lau for his invaluable contributions and guidance during his tenure as an Independent Director of the Company.

The Sponsor, after having interviewed Mr Lau, is satisfied that, save as disclosed in the announcement, there are no material reasons for the cessation of Mr Lau as a Director of the Company.
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
01/09/2011
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive
Role and responsibilities
1.Non-Executive&Independent Director
2.Chairman of Audit and Risks Management Committee
3.Member of Nominating Committee & Remuneration Committee
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
Past (for the last 5 years)
1. Kitchen Culture Holdings Ltd.
2. iBosses Corporation Limited
3. Asia M&A Group Pte. Ltd.
4. A3 International Investments Limited
5. 3L Asia Capital Pte. Ltd.
6. Ello Fintech Pte. Ltd.
Present
1. Regal International Group Ltd.
2. Disa Digital Safety Pte. Ltd.*
3. SOEN International Assets Sdn Bhd
4. Platinum Mountain Pte Ltd.
5. Westplan Real Estates Sdn Bhd.
6. Trizon Global Trading Pte. Ltd.

*Mr Lau will cease to be a director of this entity after he steps down as the Director of the Company.