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

Issuer & Securities

Issuer/ Manager
IFS CAPITAL LIMITED
Securities
IFS CAPITAL LIMITED - SG1A35000706 - I49
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Dec-2023 18:01:02
Status
New
Announcement Sub Title
Cessation of Non-Executive and Non-Independent Director
Announcement Reference
SG231221OTHRBQK8
Submitted By (Co./ Ind. Name)
Chionh Yi Chian/Angeline Ng
Designation
Company Secretary/Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive and Non-Independent Director

Additional Details

Name Of Person
Law Song Keng
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2023
Detailed Reason (s) for cessation
Mr Law Song Keng has decided to step down as Non-Executive and Non-Independent Director of the Company due to personal reasons.

Mr Law will, upon his cessation, relinquish his roles as a member of Audit and Risk Committee and Executive Resource and Compensation Committee.
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
31/01/2011
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Non-Executive and Non-Independent Director
- Member of Audit & Risk Committee
- Member of Executive Resource & Compensation Committee
Role and responsibilities
Non-Executive Non-Independent
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. Fraser Hospitality Asset Management Pte Ltd - Chairman
2. Fraser Hospitality Trust Management Pte Ltd - Chairman
3. Concord Insurance Company Limited - Chairman, Director
4. ACR Capital Holdings Pte Ltd - Director
5. Asia Capital Reinsurance Group Pte Ltd - Director
6. Asia Capital Reinsurance Malaysia Sdn Bhd - Director
Present
Great Eastern Holdings Ltd - Director