Change - Announcement of Cessation::RETIREMENT OF LEAD INDEPENDENT DIRECTOR - MR CHIDAMBARAM CHANDRASEGAR

Issuer & Securities

Issuer/ Manager
NAM LEE PRESSED METAL INDUSTRIES LIMITED
Securities
NAM LEE PRESSED METAL INDS LTD - SG1X43941639 - G0I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2020 17:26:36
Status
New
Announcement Sub Title
RETIREMENT OF LEAD INDEPENDENT DIRECTOR - MR CHIDAMBARAM CHANDRASEGAR
Announcement Reference
SG201228OTHR6RIC
Submitted By (Co./ Ind. Name)
Eric Yong Han Keong
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chidambaram Chandrasegar as Lead Independent Director.

Additional Details

Name Of Person
Chidambaram Chandrasegar
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
22/01/2021
Detailed Reason (s) for cessation
In line with the Board's renewal process, Mr Chidambaram Chandrasegar has expressed his views that having served for more than 9 years, he decided not to seek re-election and retire as a Lead Independent Director of the Company at the conclusion of the Company's Annual General Meeting to be held on 22 January 2021 and concurrently ceased to be the Chairman of the Nominating Committee and Member of Audit and Remuneration Committees.
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
01/03/2005
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
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Chairman of Nominating Committee
Member of Audit and Remuneration Committees
Role and responsibilities
Carry out the responsibilities as Lead Independent Director, Chairman of Nominating Committee and Member of Audit and Remuneration Committees.
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
Mr Chidambaram Chandrasegar holds 200,000 ordinary shares in the share capital of the Company.
Past (for the last 5 years)
i. Gavan Law Practice LLC
ii. Advanced Technologies Pte. Ltd.
iii. Bein Asia Pacific Pte. Ltd.
iv. Bein Sports Asia Pte. Limited
v. Equity Asset Capital Global Pte. Ltd.
vi. Meridian Mining Pte. Ltd.
Present
i. Batam Logistics Pte Ltd
ii. K&A Asia Pte. Ltd.
iii. K&A International Pte. Ltd.
iv. K&A Projects Pte. Ltd.
v. Khatib & Alami Global Holdings Pte. Ltd.
vi. Khatib & Alami Partners Pte. Ltd.
vii. Observator-Telenav Pte. Ltd.
viii. Truman Investment Pte. Ltd.