Change - Announcement of Cessation::CESSATION OF LEAD INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
MSM INTERNATIONAL LIMITED
Securities
MSM INTERNATIONAL LIMITED - SG2B09957087 - 5QR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jul-2024 18:33:07
Status
New
Announcement Sub Title
CESSATION OF LEAD INDEPENDENT DIRECTOR
Announcement Reference
SG240710OTHRJY8Y
Submitted By (Co./ Ind. Name)
Chan Kee Sieng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Cessation of Lead Independent Director.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Mr Lance Tan, Senior Vice President, 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Leow Wee Kia Clement
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
26/07/2024
Detailed Reason (s) for cessation
Mr Leow Wee Kia Clement ("Mr Leow") has served as an Independent Director of the Company for more than nine (9) years since his date of appointment. To facilitate Board renewal, Mr Leow will step down as a Director of the Company at the conclusion of the Company s Annual General Meeting to be held on 26 July 2024.

Following his retirement, Mr Leow will concurrently relinquish his positions in the Audit Committee, Nominating Committee and Remuneration Committee of the Company.

The Board expresses its appreciation to Mr Leow for his dedication and invaluable contribution during his tenure of service.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Leow as an Independent 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
30/10/2009
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)
0
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.)
Lead Independent Director, Chairman of the Nominating and Remuneration Committees, Member of the Audit Committee
Role and responsibilities
Lead Independent Director, Chairman of the Nominating and Remuneration Committees, Member of the Audit 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)
- Allied Technologies Limited

- Overseas Education Limited
Present
- Ellipsiz Ltd

- Lum Chang Holdings Limited

- Grand Team Technologies Pte Ltd