| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 29, 2020 20:03 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG200629OTHRO6X2 |
| Submitted By (Co./ Ind. Name) | Madan Mohan |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr. Lai Yew Fei as as an Independent Director at the conclusion of AGM held on 29 June 2020. |
| Additional Details | |
| Name Of Person | Mr Lai Yew Fei |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/06/2020 |
| Detailed Reason (s) for cessation | Mr Lai Yew Fei ("Mr Lai") retired at the conclusion of the Company's AGM held on 29 June 2020 as he had given notice to the Company of his intention of not seeking re-election. Upon his cessation as Independent Director of the Company, Mr Lai has also ceased to be the Chairman of the Nominating Committee and a member of the Audit and Risk Committee and Remuneration 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 | 01/06/2017 |
| 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 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director ARC Member NC Chairman RC Member |
| Role and responsibilities | Independent Non-Executive Director; Member of Audit and Risk Committee; Chairman of Nominating Committee; and Member of Remuneration Committee. |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Nil |