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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 27, 2023 17:24 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director at 2024 AGM |
| Announcement Reference | SG231227OTHRLS4J |
| Submitted By (Co./ Ind. Name) | Kong Chee Min |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Gn Hiang Meng as Independent Non-Executive Director at the conclusion of the Company's annual general meeting to be held on 26 April 2024 ("2024 AGM"). |
| Additional Details | |
| Name Of Person | Gn Hiang Meng |
| Age | 75 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/04/2024 |
| Detailed Reason (s) for cessation | Having served on the Board of Directors of the Company (the "Board") for more than 16 years, Mr Gn Hiang Meng ("Mr Gn") will retire as an Independent Non-Executive Director of the Company at the conclusion of the 2024 AGM, in compliance with the new listing rule requirements announced on 11 January 2023 by the Singapore Exchange Regulation limiting the tenure of independent directors to 9 years. |
| 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 | 17/05/2007 |
| 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) | 5 |
| 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 Non-Executive Director |
| Role and responsibilities | Role and responsibilities of an Independent Non-Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr Gn is deemed to have an interest in 247,500 shares of Centurion Corporation Limited held by his spouse, Loo Bee Hoon. |
| Past (for the last 5 years) | Koh Brothers Group Limited SingHaiYi Group Limited (now known as SingHaiYi Pte. Ltd.) TEE International Limited |
| Present | Haw Par Corporation Limited |