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

Issuer & Securities

Issuer/ Manager
MUN SIONG ENGINEERING LIMITED
Securities
MUN SIONG ENGINEERING LIMITED - SG2C34962861 - MF6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Jun-2020 18:16:17
Status
New
Announcement Sub Title
Retirement of Non-Executive and Independent Director
Announcement Reference
SG200626OTHR03T4
Submitted By (Co./ Ind. Name)
Cheng Woei Fen
Designation
Executive Chairlady
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Name Of Person
Peter Sim Swee Yam
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
26/06/2020
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?
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
11/10/2010
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
0
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
The Company
Direct: 140,000 Ordinary Shares

Subsidiaries of the Group
Nil
Past (for the last 5 years)
Marco Polo Marine Ltd
Present
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