Stamford Land Corporate Ltd

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Change - Announcement Of Cessation Of Independent Non-Executive Director

BackJul 30, 2015
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation of Independent Non-Executive Director
Securities STAMFORD LAND CORPORATION LTD (STAMFORD)
Date & Time of Broadcast Jul 30, 2015 20:32
Submitted By Chua Siew Hwi
Deputy Chief Executive Officer / Chief Financial Officer
Description Cessation of Independent Non-Executive Director
Cessation Details
Name of person Tan Chin Nam
Age 65
Is effective date of cessation known? Yes
Effective date for cessation Jul 30, 2015
Detailed reason(s) for cessation Dr. Tan Chin Nam retired at the conclusion of the Company's Annual General Meeting held today, and although eligible, did not seek re-election at the end of his tenure.
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 Jan 4, 2008
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this 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 0
Job Title Independent Non-Executive Director
Role and responsibilities Chairman of the Remuneration Committee and member of the Audit Committee
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries N/A
Shareholdings interest in the listed issuer and its subsidaries? No
Other directorships
Past (for the last 5 years) Sino-Singapore Guangzhou Knowledge City Investment and Development Co., Ltd
PSA International Pte Ltd
Present Yeo Hiap Seng Limited
Raffles Education Corporation Ltd
Gallant Venture Ltd