Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
VICPLAS INTERNATIONAL LTD
Securities
VICPLAS INTERNATIONAL LTD - SG1G57870584 - 569
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Nov-2024 18:21:39
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG241128OTHR7L9E
Submitted By (Co./ Ind. Name)
Walter Tarca
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director.

Additional Details

Name Of Person
Ng Cher Yan
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
28/11/2024
Detailed Reason (s) for cessation
Mr. Ng Cher Yan ("Mr. Ng") was appointed a Non-Executive Independent Director of the Company since 3 May 2010 and has served on the Board for more than nine years since his date of first appointment.

Mr. Ng has retired as a Director of the Company at the conclusion of the Annual General Meeting held on 28 November 2024. Mr. Ng has concurrently relinquished all of his positions in the Audit and Risk Committee, the Nominating Committee and the Remuneration Committee of the Company.

The Nominating Committee and the Board of Directors have recognised his contribution to the Board and the Company during his term of 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
03/05/2010
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)
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 Independent Director, Chairman of the Audit and Risk Committee and Remuneration Committee, Member of the Nominating Committee.
Role and responsibilities
Responsibilities as an Independent Director, Chairman of each of the Audit and Risk Committee and Remuneration Committee and a member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
3,217,390 Ordinary Shares
Other Directorships
Past (for the last 5 years)
Independent Director of MoneyMax Financial Services Ltd, Samko Timer Limited, Serial System Ltd and Bull Will Co Ltd.
Present
Nil