| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 9, 2024 6:42 |
| Status | New |
| Announcement Sub Title | Retirement of John Lim Yew Kong as Lead Independent Director |
| Announcement Reference | SG240409OTHRYYBX |
| Submitted By (Co./ Ind. Name) | Yoo Loo Ping |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of John Lim Yew Kong as Lead Independent Director Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr John Lim Yew Kong ("Mr John Lim") will cease to be considered independent after the conclusion of the upcoming annual general meeting ("AGM"). As part of the Board renewal process, Mr John Lim will be retiring and will not seek for re-election as a Director of the Company at the AGM. The Nominating Committee and the Board are currently assessing potential candidates to replace Mr John Lim as part of the Board renewal process and to ensure compliance with the Listing Manual and/or the Code of Corporate Governance. The Company will make announcement(s) regarding the appointment of new director, and/or revision to the composition of the Board and its Committees on the SGXNet, once details available. |
| Additional Details | |
| Name Of Person | John Lim Yew Kong |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/04/2024 |
| Detailed Reason (s) for cessation | Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST, Mr John Lim will cease to be considered independent after the conclusion of the upcoming AGM to be held on 24 April 2024. As part of the Board renewal process, Mr John Lim will be retiring and will not seek for re-election as a Director of the Company at the AGM. |
| 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 | 13/09/2010 |
| 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) | 0 |
| 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.) | Lead Independent Director, Audit and Risk Committee Chairman, Nominating 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 | 15,000 ordinary shares |
| Past (for the last 5 years) | Karin Technology Holdings Limited |
| Present | Zico Holdings Inc |