Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
NAM CHEONG LIMITED
Securities
NAM CHEONG LTD - BMG6361R3014 - 1MZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-May-2024 17:59:48
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG240530OTHRZ0RN
Submitted By (Co./ Ind. Name)
LEONG SENG KEAT
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR

Additional Details

Name Of Person
AJAIB HARI DASS
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
30/05/2024
Detailed Reason (s) for cessation
Mr Ajaib Hari Dass has served on the Board of Directors (the Board) for more than ten years since his appointment as Director of the Company on 28 April 2011. As part of the board renewal process, Mr Ajaib Hari Dass had retired as an Independent Director after the conclusion of the Company's Annual General Meeting held on 30 May 2024.

Concurrently, he will relinquish his position as Chairman of the Nominating and Remuneration Committees and a member of the Audit Committee.
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
28/04/2011
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)
2
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.)
Lead Independent Non-Executive Director, Chairman of the Nominating and Remuneration Committees and a member of the Audit 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
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
SembCorp Marine Ltd
SembCorp Industries Ltd
Present
Nam Cheong Limited
Metis Energy Limited