公告
Change - Announcement Of Resignation Of Independent Non- Executive Director
返回03/12/2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 3, 2021 17:42 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non- Executive Director |
| Announcement Reference | SG211203OTHRW7MI |
| Submitted By (Co./ Ind. Name) | Ren Letian |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Toe Teow Heng as Independent Non-Executive Director. |
| Additional Details | |
| Name Of Person | Toe Teow Heng |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 06/12/2021 |
| Detailed Reason (s) for cessation | Mr Toe Teow Heng has tendered his resignation as Independent Non-Executive Director with effect from 6 December 2021. He has indicated that his resignation is due to his intention to seek a consultation role in the Company's proposed spin-off project and assist in the building of a new international assets management company, including but not limited to building the team, applying for asset management licences, entering into strategic partnerships and enhancing its profile, all of which may potentially impair his independence as an independent director. Following his resignation, Mr Toe Teow Heng shall cease to be a member of the Audit Committee, Remuneration Committee and Nominating Committee. The Board expressed its gratitude and appreciation to Mr Toe Teow Heng for his invaluable contributions during his tenure as a Director of the Company. |
| 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 Mr Toe Teow Heng's cessation, the Board will be looking to appoint a new independent Director and/or reviewing the current composition to ensure that the composition of the Board and Board Committees comply with the Code of Corporate Governance. |
| Date of Appointment to current position | 30/04/2020 |
| 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) | 2 |
| 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.) | Independent Non- Executive Director and a member of the Audit Committee, Remuneration Committee and Nominating Committee. |
| Role and responsibilities | Independent Non- Executive Director and a member of the Audit Committee, Remuneration Committee and Nominating 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? | No |
| Past (for the last 5 years) | 1. A21 Pte Ltd 2. QT Vascular Ltd 3. ICH China Pte Ltd 4. Gold Starlite Assets Ltd 5. Eagle Healthcare International Pte Ltd 6. Beeston Invest & Trade Inc 7. Skin Inc. Global Pte Ltd |
| Present | 1. Prometheus (S) Pte Ltd 2. Hexaton Capital Pte Ltd 3. Newfort Realty Pte Ltd 4. Newfort Land Pte Ltd 5. ICH Gemini Asia Growth Fund Pte Ltd 6. ICH Singapore Holdings Pte Ltd 7. ICH Capital Pte Ltd 8. XM Studios Pte Ltd 9. ICH Investment Pte. Ltd. 10. ICH Partners Ltd 11. Silver Platinum Finance Ltd 12. ICH Group Ltd 13. Zymmetry Investment Ltd |