| Announcement Title |
Change - Announcement of Cessation |
| Date & Time of Broadcast |
Oct 15, 2020 20:23 |
| Status |
New |
| Announcement Sub Title |
Resignation of Independent Non-Executive Director |
| Announcement Reference |
SG201015OTHRN2BY |
| Submitted By (Co./ Ind. Name) |
Seow Soon Yong |
| Designation |
Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) |
Resignation of Professor Liew Jat Yuen, Richard as Independent Non-Executive Director |
| Additional Details |
| Name Of Person |
Professor Liew Jat Yuen, Richard |
| Age |
59 |
| Is effective date of cessation known? |
Yes |
| If yes, please provide the date |
15/10/2020 |
| Detailed Reason (s) for cessation |
Due to other work and personal commitment which require his full attention. |
| 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 |
23/01/2006 |
| 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) |
4 |
| 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 as well as a member of Audit Committee and the Nominating Committee. |
| Role and responsibilities |
Professor Liew Jat Yuen, Richard provides specialist advice to the design and construction of high-rise, large-span and deep excavation support structures and has served on numerous committees on material specifications and design practices in Singapore and the region. |
| 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 |
Direct interest of 600,000 ordinary shares in the share capital of Yongnam Holdings Limited. |
| Past (for the last 5 years) |
None |
| Present |
None |
