News
CHANGE - ANNOUNCEMENT OF RETIREMENT OF NON-EXECUTIVE AND NON-INDEPENDENT DIRECTOR
BackApr 28, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 28, 2022 18:20 |
| Status | New |
| Announcement Sub Title | Retirement of Non-Executive and Non-Independent Director |
| Announcement Reference | SG220428OTHRY4UB |
| Submitted By (Co./ Ind. Name) | Chang Cheng-Hsing Francis |
| Designation | Group CEO & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Non-Executive and Non-Independent Director |
| Additional Details | |
| Name Of Person | Tiong Kiong King |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2022 |
| Detailed Reason (s) for cessation | Mr Tiong Kiong King has decided not to seek re-election at the Annual General Meeting ("AGM") held by way of electronic means on 28 April 2022 to devote more time to his other responsibilities and affairs and has retired as Non-Executive and Non-Independent Director at the conclusion of the AGM pursuant to Regulation 94 of the Company's Constitution. |
| 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 | 15/09/2016 |
| 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) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director |
| 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 | Brother of Dato' Sri Dr Tiong Ik King, Non-Executive and Non-Independent Chairman and substantial shareholder of the Company and Tan Sri Datuk Sir Tiong Hiew King, substantial shareholder of the Company. |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Rimbunan Sawit Berhad; Subur Tiasa Holdings Berhad; and Tiong Toh Siong Holdings Sdn Bhd. |
| Present | Biru-Hijau Enterprise Sdn Bhd; and Bogreen Estate Sdn Bhd. |