Change - Announcement of Cessation::Demise of Independent Director and Chairman of Remuneration Committee

Issuer & Securities

Issuer/ Manager
SHINVEST HOLDING LTD.
Securities
SHINVEST HOLDING LTD. - SG1CB0000000 - BJW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Feb-2022 17:41:44
Status
New
Announcement Sub Title
Demise of Independent Director and Chairman of Remuneration Committee
Announcement Reference
SG220210OTHRVV8S
Submitted By (Co./ Ind. Name)
Wong Tsui Hsuan
Designation
Company Secretary
Effective Date and Time of the event
10/02/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Shinvest Holding Ltd. (the "Company") together with its subsidiaries (the "Group") announces with regret that Dr Chau Sik Ting ("Dr Chau"), Independent Director and Chairman of Remuneration Committee of the Company, had passed away peacefully on 8 February 2022.

On behalf of all staff of the Company, the Board expresses its deepest sorrow over the death of Dr Chau and conveys its condolences to his family. The Board also expresses its heartfelt gratitude for the enormous contribution to the Company by Dr Chau during his tenure as the Independent Director and Chairman of Remuneration Committee of the Company.

Mr Loh Suan Len, an Independent Director and member of Remuneration Committee of the Company, is hereby appointed as Chairman of Remuneration Committee with immediate effect.

The Nominating Committee of the Company will be reviewing the Board s succession plans and will provide further updates in due course.


BY ORDER OF THE BOARD

Teo Teck Leong
Managing Director
10 February 2022

Additional Details

Name Of Person
Dr Chau Sik Ting
Age
82
Is effective date of cessation known?
Yes
If yes, please provide the date
10/02/2022
Detailed Reason (s) for cessation
Dr Chau Sik Ting passed away on 8 February 2022.
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
08/09/2009
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)
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.)
Independent Director
Chairman of Remuneration Committee
Member of Audit and Nominating Committee
Role and responsibilities
Board member and Chairman of Remuneration Committee
Member of Audit and Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest in Shinvest Holding Ltd. - 115,400 shares

Deemed Interest in Shinvest Holding Ltd held by his spouse - Wong Wai Yee - 20,000 shares
Past (for the last 5 years)
Shinvest Holding Ltd.
Tuas Medical Associates Pte. Ltd.
Boon Lay Clinic & Surgery Pte. Ltd.
Pei Chun Public School Limited
Present
Shinvest Holding Ltd.
Tuas Medical Associates Pte. Ltd.
Boon Lay Clinic & Surgery Pte. Ltd.
Pei Chun Public School Limited