Change - Announcement of Cessation::RETIREMENT OF LEAD INDEPENDENT DIRECTOR - MR CHIDAMBARAM CHANDRASEGAR
Issuer & Securities
NAM LEE PRESSED METAL INDUSTRIES LIMITED
NAM LEE PRESSED METAL INDS LTD - SG1X43941639 - G0I
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RETIREMENT OF LEAD INDEPENDENT DIRECTOR - MR CHIDAMBARAM CHANDRASEGAR
Submitted By (Co./ Ind. Name)
Eric Yong Han Keong
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chidambaram Chandrasegar as Lead Independent Director.
Name Of Person
Is effective date of cessation known?
If yes, please provide the date
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?
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.)
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
Shareholding interest in the listed issuer and its subsidiaries?
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.
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.