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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 12, 2024 19:35 |
| Status | New |
| Announcement Sub Title | Retirement of Lead Independent Non-Executive Director - Mark Anthony James Vaile |
| Announcement Reference | SG240712OTHR2ICI |
| Submitted By (Co./ Ind. Name) | Ang Lay Kheng |
| Designation | Chief Financial Officer and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mark Anthony James Vaile ("Mr Vaile") as Lead Independent Non-Executive Director. |
| Additional Details | |
| Name Of Person | Mark Anthony James Vaile |
| Age | 68 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/07/2024 |
| Detailed Reason (s) for cessation | Mr Vaile has served on the Board of Directors (the "Board") for more than fourteen years since his appointment as Director of the Company on 30 July 2009. As part of the board renewal process, Mr Vaile has indicated to the Board that he will not be seeking for re-election at the Company's 46th Annual General Meeting to be held on 30 July 2024 ("AGM"). Mr Vaile will accordingly retire as a Lead Independent Non-Executive Director of the Company upon conclusion of the AGM. Concurrently, he will also cease as Chairman of the Audit and Risk Management Committee and member of the Nominating and Remuneration Committees of the Company on 30 July 2024. |
| 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? | Yes |
| If Yes, Please provide full details | The Company will endeavour to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rules 210(5)(c) and 704(8) of the Listing Manual. |
| Date of Appointment to current position | 30/07/2009 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | - Lead Independent Non-Executive Director - Chairman of Audit and Risk Management Committee - Member of Nominating and Remuneration Committees |
| Role and responsibilities | Lead Independent Non-Executive Director, Chairman of Audit and Risk Management Committee, and member of Nominating and Remuneration Committees. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Directorships - Palisade Investment Partners Limited - HostPlus Pty Limited as Trustee for Hostplus Superannuation Fund Other Principal Commitment Nil |
| Present | Directorships - Whitehaven Coal Limited - Servcorp Limited - Australian Agricultural Manager Investment Group Limited Other Principal Commitment Nil |