News
Change - Announcement Of Retirement Of Non-Executive And Independent Director
BackFeb 22, 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 22, 2021 17:44 |
| Status | New |
| Announcement Sub Title | Retirement of Non-Executive and Independent Director |
| Announcement Reference | SG210222OTHR34G3 |
| Submitted By (Co./ Ind. Name) | Lee Kay Swee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Mr Peter Sim Swee Yam, who is retiring pursuant to Article 94 of the Company's Constitution, intends to retire as Non-Executive and Independent Director of Haw Par Corporation Limited (the "Company") after having served the full tenure of 9 years as Non-Executive and Independent Director of the Company, will not be seeking for re-election at the forthcoming Annual General Meeting of the Company. |
| Additional Details | |
| Name Of Person | Peter Sim Swee Yam |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/04/2021 |
| Detailed Reason (s) for cessation | Retirement after having served the full tenure of 9 years as Non-Executive and Independent Director of the Company |
| 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 | 11/05/2011 |
| 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) | 7 |
| 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.) | Non-Executive and Independent Director, Audit and Risk Committee member and Nominating Committee member |
| Role and responsibilities | Non-Executive and Independent Director, Audit and Risk Committee member and Nominating Committee member |
| 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? | No |
| Past (for the last 5 years) | 1. Young Men's Christian Association (YMCA) of Singapore (till May 2016); and 2. Marco Polo Marine Ltd (till 28 January 2019). |
| Present | 1. Independent Director of Lum Chang Holdings Ltd; 2. Independent Director of Singapore Reinsurance Corporation Ltd; and 3. Independent Director of ST Group Food Industries Holdings Limited. |