| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 30, 2023 17:25 |
| Status | New |
| Announcement Sub Title | Resignation of Cosimo Borrelli as Independent Director |
| Announcement Reference | SG231130OTHR5MAK |
| 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 Cosimo Borrelli as Independent Director. |
| Additional Details | |
| Name Of Person | Cosimo Borrelli |
| Age | 56 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/11/2023 |
| Detailed Reason (s) for cessation | Pursue other interests. |
| 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 | 04/12/2009 |
| 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) | 1 |
| 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.) | Independent Director, Nominating Committee Chairman, Audit & Risk Committee and Remuneration Committee Member. |
| Role and responsibilities | As above. |
| 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 | 497,900 shares (Mr Cosimo Borrelli is deemed interested in 497,900 shares held by Joe Harper Limited, by virtue of Section 7 of the Companies Act 1967 of Singapore). |
| Past (for the last 5 years) | Please see attached. |
| Present | Please see attached. |
Attachments