Change - Announcement of Cessation::Cessation of Chairman and Non-Executive Non-Independent Director

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Aug-2022 07:51:11
Status
New
Announcement Sub Title
Cessation of Chairman and Non-Executive Non-Independent Director
Announcement Reference
SG220818OTHROMEA
Submitted By (Co./ Ind. Name)
Ding Hui Yun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chairman and Non-Executive Non-Independent Director

Additional Details

Name Of Person
Kwa Chong Seng
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2022
Detailed Reason (s) for cessation
Mr Kwa Chong Seng will step down as Chairman of the Board and Non-Executive Non Independent Director on 31 December 2022 as part of the Board renewal process.
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
20/09/2012
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)
7
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.)
Board Chairman, Nominating & Governance Committee Member, Remuneration & Staff Development Committee Member
Role and responsibilities
Non-Executive and Non-Independent Chairman and Director, Nominating & Governance Committee Member, Remuneration & Staff Development Committee Member
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
129,584 SGX shares
Past (for the last 5 years)
Seatown Holdings Pte Ltd
Present
Singapore Technologies Engineering Ltd (Chairman)
Defence Science and Technology Agency