Change - Announcement of Cessation::Retirement of Non-Executive and Independent Director
Issuer & Securities
MUN SIONG ENGINEERING LIMITED
MUN SIONG ENGINEERING LIMITED - SG2C34962861 - MF6
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Non-Executive and Independent Director
Submitted By (Co./ Ind. Name)
Cheng Woei Fen
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.
Name Of Person
Peter Sim Swee Yam
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Peter Sim Swee Yam ("Mr Peter Sim") had retired pursuant to Regulation 108 of the Company's Constitution following the conclusion of the Company's Annual General Meeting held on 26 June 2020. This is to allow for renewal of the Board of Directors of the Company (the "Board") as Mr Peter Sim has served on the Board beyond nine years from the date of his first appointment.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Role and responsibilities
Assumed the roles and responsibilities of a Non-Executive and Independent Director, Chairman of the Remuneration Committee, and a member of the Audit Committee and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Direct: 140,000 Ordinary Shares
Subsidiaries of the Group
Past (for the last 5 years)
Marco Polo Marine Ltd
Lum Chang Holdings Ltd
Haw Par Corporation Ltd
Singapore Reinsurance Corporation Ltd
ST Group Food Industries Holdings Limited
Gravitas Alliance International Pte Ltd
SKB & Associates Pte Ltd
Other Principal Commitments
Singapore Heart Foundation - Director
Sim Law Practice LLC - Director