Change - Announcement Of Cessation Of Independent Non-Executive Director
BackApr 29, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2024 17:27 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Independent Non-Executive Director |
| Announcement Reference | SG240429OTHRBVSK |
| Submitted By (Co./ Ind. Name) | Lotus Isabella Lim Mei Hua |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Announcement of cessation of Mr. Tay Siew Choon as Independent Non-Executive Director |
| Additional Details | |
| Name Of Person | Mr. Tay Siew Choon |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2024 |
| Detailed Reason (s) for cessation | Retirement at the Annual General Meeting of the Company due to Board renewal. |
| 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 | 05/11/2003 |
| 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 |
| 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.) | Lead Independent Director, Chairman of Nominating Committee, and Chairman of Remuneration Committee. |
| Role and responsibilities | Fulfilling the duties as Lead Independent Director, Nominating Committee Chairman, and Remuneration Committee Chairman. |
| 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? | Yes |
| Shareholding Details | 2,150,000 Ordinary Shares of Straco Corporation Limited |
| Past (for the last 5 years) | Nil |
| Present | Pan United Corporation Limited TauRx Therapeutics Limited Wista Laboratories Limited TauRx Pharmaceuticals Limited Go Truck Pte Ltd |
