Change - Announcement of Cessation::RETIREMENT OF MANAGING DIRECTOR

Issuer & Securities

Issuer/ Manager
DUTY FREE INTERNATIONAL LIMITED
Securities
DUTY FREE INTERNATIONALLIMITED - SG2C70966271 - 5SO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Apr-2021 19:07:41
Status
New
Announcement Sub Title
RETIREMENT OF MANAGING DIRECTOR
Announcement Reference
SG210427OTHRQS4A
Submitted By (Co./ Ind. Name)
Lee Sze Siang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached file.

Additional Details

Name Of Person
Ong Bok Siong
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2021
Detailed Reason (s) for cessation
Mr. Ong Bok Siong ("Mr. Ong") will be retiring from office as Managing Director with effect from 30 June 2021. Mr. Ong's executive responsibilities will be taken over by Mr. Lee Sze Siang ("Mr. Lee"), the Executive Director of the Company, and Mr. Ong will work closely with Mr. Lee to ensure a smooth handover and transition of his executive responsibilities.
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
27/06/2013
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director
Role and responsibilities
Mr. Ong Bok Siong is tasked with executing strategic business directions set by the Board, and overseeing the operations and
business development of the Group.
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)
Please refer to Annex 1.
Present
Please refer to Annex 1.

Attachments