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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 23, 2019 20:42 |
| Status | New |
| Announcement Sub Title | Cessation as Independent Director |
| Announcement Reference | SG190423OTHRGDWD |
| Submitted By (Co./ Ind. Name) | Tan Ah Lye |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Mr Tan Keh Yan, Peter retired as a Director of the Company at the conclusion of the Annual General Meeting held on 23 April 2019. Co-terminus with his retirement, his various appointments as the Chairman of the Nominating Committee and a member of the Audit & Risk Committee and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Tan Keh Yan, Peter |
| Age | 70 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/04/2019 |
| Detailed Reason (s) for cessation | Retired at the conclusion of the Company's Annual General Meeting held on 23 April 2019 and did not seek re-election. |
| 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 | 21/12/2009 |
| 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.) | Independent Director, Chairman of the Nominating Committee and a member of the Audit & Risk Committee and Remuneration Committee |
| Role and responsibilities | Assumed the role and responsibilities of an Independent Director, Chairman of the Nominating Committee and a member of the Audit & Risk Committee and Remuneration Committee |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Asia Enterprises Holding Ltd. Maxi-Cash Financial Services Corporation Ltd. |