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| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Retirement of Independent Non-Executive Director |
| Securities | STAMFORD LAND CORPORATION LTD (STAMFORD) |
| Date & Time of Broadcast | Jul 27, 2018 18:11 |
| Submitted By | Lee Li Huang Chief Financial Officer and Company Secretary |
| Description | Retirement of Dr Stanley Lai Tze Chang as Independent Non-Executive Director who is the Chairman of the Remuneration Committee and Member of the Audit and Risk Management Committee |
| Cessation Details | |
| Name of person | Stanley Lai Tze Chang |
| Age | 50 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jul 27, 2018 |
| Detailed reason(s) for cessation | Dr Stanley Lai Tze Chang ("Dr Stanley Lai") retired as Independent Non-Executive Director of the Company at the conclusion of the Annual General Meeting held on 27 July 2018 pursuant to Regulation 89 of the Constitution of the Company. Consequent to his retirement, Dr Stanley Lai ceased to be the Chairman of the Remuneration Committee and Member of the Audit and Risk Management Committee of the Company with effect from 27 July 2018. |
| 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 | Nov 12, 2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee |
| Role and responsibilities | Assumed the roles and responsibilities of Independent Non-Executive Director, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee of the Company |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | Dr Stanley Lai is deemed interested in 25,000 shares held by his spouse, Madam Ler Min Hui Candace |
| Other directorships | |
| Past (for the last 5 years) | Singapore Shipping Corporation Limited |
| Present | Intellectual Property Office of Singapore Singapore Technologies Engineering Ltd Singapore Technologies Aerospace Ltd Nanyang Technological University - NTUitive Pte Ltd Haggai Institute for Advanced Leadership Training Limited Changi Cove Pte Ltd |