Change - Announcement of Cessation::Retirement of Mr Tow Heng Tan as Chairman, Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
SEMBCORP INDUSTRIES LTD
Securities
SEMBCORP INDUSTRIES LTD - SG1R50925390 - U96
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-May-2026 17:30:59
Status
New
Announcement Sub Title
Retirement of Mr Tow Heng Tan as Chairman, Non-Executive and Non-Independent Director
Announcement Reference
SG260529OTHR5XOX
Submitted By (Co./ Ind. Name)
Lim Chee Ying
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Tow Heng Tan as Chairman, Non-Executive and Non-Independent Director

Additional Details

Name of person
Tow Heng Tan
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date.
01/06/2026
Detailed reason(s) for cessation
Mr Tow Heng Tan, having served as Chairman for three years and as a Non-Executive and Non-Independent Director for five years, has decided to retire to pursue his personal interests and passions after an extraordinary 50-year career spanning corporate and executive leadership.
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?
Yes
If yes, please elaborate.
As previously announced on 27 March 2026, Mr Andreas Sohmen-Pao, Chairman Designate and Non-Executive and Independent Director, will assume the role of Non-Executive and Independent Chairman of the Board of Directors with effect from 1 June 2026.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
01/06/2021
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, Chairman of the Board, ExCo Chairman, ERCC Member, and NC Member
Role and responsibilities
Please refer to the above.
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)
8
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
1
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
89,800 ordinary shares in Sembcorp Industries.

He is deemed interested in the 22,715 shares registered in the name of his wife.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Other Directorships
Past (for the last 5 years)
- ABC Impact Holdings
- Fullerton Financial Holdings
- Keppel Capital Holdings
- Pavilion Capital Holdings Group of Companies
- TTAM Holdings Group of Companies
Present
- National Healthcare Group
- Temasek Trust
- TT IPC