Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
PAN-UNITED CORPORATION LTD.
Securities
PAN-UNITED CORPORATION LTD - SG1A67000830 - P52
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jun-2020 18:28:10
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG200623OTHR663R
Submitted By (Co./ Ind. Name)
Kevin Cho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Ch'ng Jit Koon as Independent Director

Additional Details

Name Of Person
Ch'ng Jit Koon
Age
86
Is effective date of cessation known?
Yes
If yes, please provide the date
23/06/2020
Detailed Reason (s) for cessation
Mr Ch'ng Jit Koon, who retired by rotation pursuant to Regulation 89 and 90 of the Company's Constitution, decided not to seek re-election at the Company's Annual General Meeting held today. He retired as an Independent Director and ceased to be Chairman of the Board, Chairman of the Executive Committee, Chairman of the Nominating Committee and 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
01/04/1997
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 of the Board, Chairman of the Executive Committee and the Nominating Committee, Member of the Audit Committee.
Role and responsibilities
Chairman of the Board, Chairman of the Executive Committee and the Nominating Committee, Member of the Audit Committee.
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?
Yes
Shareholding Details
Has direct interest of 1,960,000 ordinary shares in the Company.
Past (for the last 5 years)
Independent Director of Ho Bee Land Limited
Present
1) Independent Director of Progen Holdings Limited
(2) Independent Director of Santak Holdings Limited
(3) Member of Chinese Development Assistance Council Board of Trustees
(4) Member of Singapore Hokkien Huay Kuan Board of Governors
(5) Director of Ho Bee Foundation
(6) Director of Mee Toh Foundation Limited