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

Issuer & Securities

Issuer/ Manager
PEC LTD.
Securities
PEC LTD. - SG1Y45946619 - IX2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Oct-2023 18:27:39
Status
New
Announcement Sub Title
Announcement of Cessation of Non-Executive and Non-Independent Director
Announcement Reference
SG231031OTHRLTTI
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Effective Date and Time of the event
31/10/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr David Wong Cheong Fook as the Non-Executive and Non-Independent Director.

Additional Details

Name Of Person
David Wong Cheong Fook
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2023
Detailed Reason (s) for cessation
Mr David Wong has been serving on the Board of the Company since 8 January 2014. He has indicated his intention to retire as the Non-Executive and Non-Independent Director, member of Audit and Risk Management Committee, Nominating Committee and Remuneration Committee on 31 October 2023 to pave way for board refreshment and to devote more time to his other commitments.
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
08/01/2014
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)
4
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 Non-Independent Director, member of Audit and Risk Management Committee, Nominating Committee and Remuneration 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?
Yes
Shareholding Details
78,000
Past (for the last 5 years)
Nil
Present
Director of:
- Papua New Guinea Sustainable Development Programme
- Deep Identity Pte Ltd