| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Aug 23, 2023 17:32 |
| Status | Replace |
| Announcement Sub Title | Cessation of Director |
| Announcement Reference | SG230822OTHRAYWG |
| 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) | Announcement of Cessation of Independent Director. Note: This update states that Mr Achmad Lukman Kartanegara had also ceased to be a member of the Nominating and Audit Committees on 22 August 2023. |
| Additional Details | |
| Name Of Person | Achmad Lukman Kartanegara |
| Age | 74 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/08/2023 |
| Detailed Reason (s) for cessation | Mr Achmad Lukman Kartanegara having served as an Independent Director for nine years, is stepping down as Director of the Company. Upon his cessation as an Independent Director, Mr Achmad Lukman Kartanegara has also ceased to be a member of the Nominating and Audit Committees. |
| 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 | 22/08/2014 |
| 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) | 4 |
| 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.) | Independent Director and member of the Nominating and Audit Committees. |
| 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 | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 400,000 share options |
| Past (for the last 5 years) | Nil |
| Present | Nil |