Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ANNAIK LIMITED
Securities
ANNAIK LIMITED - SG1O45913009 - A52
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2019 17:15:29
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG190430OTHRJRDH
Submitted By (Co./ Ind. Name)
NG KIM KEANG
Designation
DIRECTOR
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF INDEPENDENT DIRECTOR

Additional Details

Name Of Person
LEE BON LEONG
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2019
Detailed Reason (s) for cessation
Mr Lee, who was due to retire at the Company's Annual General Meeting ( "AGM" ) pursuant to Regulation 121 of the Company s Constitution, did not seek re-election as a Director at the conclusion of the AGM. Upon his retirement, Mr Lee will cease to be Chairman of Nominating Committee and as a member of Remuneration and Audit Committees.
Based on its enquiries, the Company s Sponsor, Hong Leong Finance Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Lee as an Independent Director of AnnAik Limited.
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
31/07/2003
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 Nominating Committee, a member of Remuneration and Audit Committees
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?
Yes
Shareholding Details
6,262,000 shares
Past (for the last 5 years)
Nil
Present
1. Rectron Investments Pte Ltd
2. Solid Gold Pte Ltd
3. Kien lee Investment Pte Ltd
4. Li Lee Investment Pte Ltd
5. King Tower Investment Pte Ltd
6. Sing Hup Leong Investment Pte Ltd
7. Megachem Limited
8. D.S.Lee Foundation
9. Asia Enterprises Holdings Limited