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

Issuer & Securities

Issuer/ Manager
BOUSTEAD SINGAPORE LIMITED
Securities
BOUSTEAD SINGAPORE LIMITED - SG1X13940751 - F9D
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Jul-2021 18:28:35
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG210728OTHRTL3O
Submitted By (Co./ Ind. Name)
Alvin Kok
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director

Additional Details

Name Of Person
Chong Ngien Cheong
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2021
Detailed Reason (s) for cessation
Mr Chong Ngien Cheong, who is retiring pursuant to Article 94 of the Company's Constitution, has not sought re-election as Director at the Company's Annual General Meeting on 28 July 2021 so as to facilitate Board renewal in line with good governance practices.
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
23/05/1996
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)
2
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.)
Non-Executive Director
Role and responsibilities
Chairman of Nominating Committee
Member of Audit & Risk Committee
Member of Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother-in-law of Wong Fong Fui, Chairman & Group Chief Executive Officer and substantial shareholder
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Sang Chun Holdings Private Limited
Soon Teck Ventures Pte Ltd
ST Asset (Private Limited)
Soon Teck Credit Corporation (Malaysia) Berhad

Attachments

Boustead Announcement-Retirement of Board Member-28.07.2021.pdf
Total size =218K