Change - Announcement of Cessation::Retirement of Independent Director - Mr Lee Joo Hai

Issuer & Securities

Issuer/ Manager
IPC CORPORATION LTD
Securities
IPC CORPORATION LIMITED - SG1BB8000004 - AZA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Apr-2017 17:24:41
Status
New
Announcement Sub Title
Retirement of Independent Director - Mr Lee Joo Hai
Announcement Reference
SG170426OTHR3L4Y
Submitted By (Co./ Ind. Name)
Lauw Hui Kian
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Retirement as Independent Director.

Additional Details

Name Of Person
Lee Joo Hai
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2017
Detailed Reason (s) for cessation
Mr Lee Joo Hai ("Mr Lee") who was retiring pursuant to Article 90 of the Company's Constitution, did not stand for re-election at the Company's Annual General Meeting ("AGM") held on 26 April 2017. Accordingly, Mr Lee retired as an Independent Director of the Company at the conclusion of the AGM.

Mr Lee also ceased to be the Chairman of the Nominating Commitee and a member of the Audit Committee and Remuneration Committee.

The Company will be seeking suitable candidate(s) to be appointed on the Board and will make the relevant announcement(s) when appropriate.
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
16/12/1996
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
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.)
Independent Director, Chairman of the Nominating Commitee and member of the Audit Committee and Remuneration Committee.
Role and responsibilities
Independent Director
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)
Food Junction Holdings Limited
Present
SinoCloud Group Limited
AGRIA Corporation
Hyflux Ltd
Raffles United Holdings Ltd
Lung Kee (Bermuda) Holdings Limited