Investor Relations - News
Change - Announcement Of Retirement Of Independent Director
BackJul 28, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 28, 2020 17:23 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG200728OTHR60AK |
| Submitted By (Co./ Ind. Name) | Tan Lee Fang |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director |
| Additional Details | |
| Name Of Person | Huang Yuan Chiang |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/07/2020 |
| Detailed Reason (s) for cessation | Mr Huang Yuan Chiang decided not to seek for re-election and retired as a Director at the conclusion of the Annual General Meeting of the Company held on 28 July 2020. Consequent thereto, Mr Huang also ceased to be the Chairman of the Nomination and Remuneration Committee and a 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 | 08/08/2001 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | - Independent Director - Chairman of Nomination and Remuneration Committee - Member of Audit Committee |
| 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 | Mr Huang Yuan Chiang holds 273,030 ordinary shares and 28,927 warrants in MTQ Corporation Limited. |
| Past (for the last 5 years) | - Mercator Lines (Singapore) Limited |
| Present | - Hwa Hong Corporation Limited - Asia Commercial Bank, Vietnam |
Attachments
- Attachment 1 (Size: 54,716 bytes)