| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 1, 2021 7:24 |
| Status | New |
| Announcement Sub Title | Resignation of Malcolm John Burrell as Executive Director |
| Announcement Reference | SG210701OTHRDAB3 |
| Submitted By (Co./ Ind. Name) | Yoo Loo Ping |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Malcolm John Burrell as Executive Director |
| Additional Details | |
| Name Of Person | Malcolm John Burrell |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2021 |
| Detailed Reason (s) for cessation | As part of Mr Burrell's retirement plan. |
| 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 | 18/08/2010 |
| 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 | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Role and responsibilities | Prior to Mr Burrell's resignation as Director of the Company, Mr Burrell held the roles of Chief Risk Officer and Chief Technical Officer of the Group. Mr Burrell will remain in his role as the Chief Risk Officer of the Group after his resignation as Executive 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 Burrell holds 11,139,702 Ordinary Shares, and options over 650,000 Ordinary Shares in the Company. |
| Past (for the last 5 years) | NIL |
| Present | Global Invacom Limited Global Invacom Holdings Limited Global Skyware Limited |