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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 26, 2024 17:40 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Executive and Independent Director |
| Announcement Reference | SG240226OTHRB30Y |
| Submitted By (Co./ Ind. Name) | Choo Kok Kiong |
| Designation | Executive Director and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Non-Executive and Independent Director. |
| Additional Details | |
| Name Of Person | Foo Ko Hing |
| Age | 67 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2024 |
| Detailed Reason (s) for cessation | Mr Foo Ko Hing is due to retire by rotation under the Company s Constitution. He has informed the Board that he does not seek re-election as he has served more than nine years and will cease to be independent pursuant Listing Rule 210(5)(d)(iv) and therefore will be retiring at the conclusion of the forthcoming Annual General Meeting ("AGM") to be held on 29 April 2024. |
| 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? | Yes |
| If Yes, Please provide full details | With the retirement of Mr Foo Ko Hing at the conclusion of the forthcoming AGM on 29 April 2024, the AC will not have a minimum of 3 members. However, the Board will put up 2 candidates for appointment as Directors at the forthcoming AGM on 29 April 2024 who if appointed as Directors, will be appointed to the AC. The AC will then satisfy the requirement of having a minimum of 3 members. |
| Date of Appointment to current position | 08/12/2004 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-executive and Independent Director Chairman, Remuneration Committee Member, Audit & Risk Management Committee and Nominating Committee |
| Role and responsibilities | Non-executive and Independent Director Chairman, Remuneration Committee Member, Audit & Risk Management Committee and Nominating Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Amara Holdings Ltd |
| Present | Cerealtech Pte Ltd |