Change - Announcement of Cessation::Retirement of Dr Wee Cho Yaw as Chairman and Director

Issuer & Securities

Issuer/ Manager
UNITED OVERSEAS INSURANCE LIMITED
Securities
UNITED OVERSEAS INSURANCE LTD - SG1M91002014 - U13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2023 17:35:34
Status
New
Announcement Sub Title
Retirement of Dr Wee Cho Yaw as Chairman and Director
Announcement Reference
SG230228OTHR71Y7
Submitted By (Co./ Ind. Name)
Mrs Vivien Chan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Dr Wee Cho Yaw as Chairman and Director on 14 April 2023 at close of UOI AGM.

Additional Details

Name Of Person
Wee Cho Yaw
Age
94
Is effective date of cessation known?
Yes
If yes, please provide the date
14/04/2023
Detailed Reason (s) for cessation
Dr Wee Cho Yaw will retire by rotation and not seek re-election at the UOI Annual General Meeting (AGM) to be held on 14 April 2023.
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?
Yes
If Yes, Please provide full details
Dr Wee will be appointed as Chairman Emeritus with effect from his retirement as Chairman and Director.
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
17/02/1971
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.)
Chairman
Non-Executive and Non-Independent Director
Role and responsibilities
Chairman of the Board
Chairman of Remuneration Committee
Member of Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Dr Wee is the father of Wee Ee Cheong, a non-executive and non-independent director of UOI.
Dr Wee is a substantial shareholder of United Overseas Bank Limited which is the holding company of UOI.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
38,100 UOI shares
Past (for the last 5 years)
- United Overseas Bank (China) (Supervisor) (till October 2022)

- United Overseas Bank (Thai) Public Company (Chairman) (till April 2022)

- PT Bank UOB Indonesia (President Commissioner) (till October 2019)

- United Overseas Bank (Malaysia) (Chairman Emeritus and Adviser) (till April 2019)

- Far Eastern Bank (Chairman Emeritus and Adviser) (till May 2018)

- United Overseas Bank (Chairman Emeritus and Adviser) (till April 2018)
Present
- Haw Par Corporation (Chairman)

- Singapore Land Group (Chairman)

- UOL Group (Chairman)

- United Overseas Bank (Chairman Emeritus and Honorary Adviser)

- United Overseas Bank (Malaysia) (Chairman Emeritus and Honorary Adviser)

- Marina Centre Holdings (Chairman)

- Pan Pacific Hotels Group (Chairman)

- Wee Foundation (Chairman)

- Chung Cheng High School (Chairman)

- Nanyang Technological University (Pro-chancellor)

- Singapore Chinese Chamber of Commerce & Industry (Honorary President)

- Singapore Federation of Chinese Clan Associations (Honorary President)

- Singapore Hokkien Huay Kuan (Honorary President)