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

Issuer & Securities

Issuer/ Manager
IFS CAPITAL LIMITED
Securities
IFS CAPITAL LIMITED - SG1A35000706 - I49
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Sep-2023 18:36:30
Status
New
Announcement Sub Title
Cessation of Non-Executive and Independent Director
Announcement Reference
SG230926OTHRBR0V
Submitted By (Co./ Ind. Name)
Chionh Yi Chian/Angeline Ng
Designation
Company Secretary/Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive and Independent Director

Additional Details

Name Of Person
Tam Chee Chong
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
26/09/2023
Detailed Reason (s) for cessation
Mr Tam Chee Chong has decided to step down as Non-Executive and Independent Director of the Company to focus on his existing board commitments in other companies.

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
22/05/2020
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
- Chairman of Audit and Risk Committee
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
1. Lai City Holdings Pte Ltd - Director
2. GSH Corporation Limited - Independent Director
3. Halogen Foundation (Singapore) - Director
4. Perun Consultants (Singapore) Pte. Ltd. - Director
Present
1. Great Eastern Holdings Limited - Independent Director
2. Boustead Projects Limited - Independent Director
3. Kairos Corporate Advisory Pte. Ltd. - Director
4. NTUC Education & Training Fund - Board Member