| 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 |