Change - Announcement of Cessation::Change - Announcement of Cessation - Mr. Chan Kam Loon
Issuer & Securities
SARINE TECHNOLOGIES LTD.
SARINE TECHNOLOGIES LTD - IL0010927254 - U77
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Change - Announcement of Cessation - Mr. Chan Kam Loon
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Effective Date and Time of the event
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Chan Kam Loon, the Company's former Lead Independent Director
Name Of Person
Chan Kam Loon
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Chan was elected in 2017 for a three-year term and was not nominated for re-election in the Company's 2020 AGM
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, Chairperson of the Audit Committee and member of the Remuneration Committee and the Nominating Committee.
Role and responsibilities
As noted above.
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. Chan Kam Loon is deemed a shareholder of the Company by virtue of (i) his direct holdings of 569,000
Shares; and (ii) the direct holdings of his wife (Au Yin Ling Patricia) of 24,000 Shares.
Past (for the last 5 years)
DLF Holdings Ltd
DLF Holdings Ltd