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Change - Announcement Of Retirement Of Independent Non-Executive Director
BackApr 13, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 13, 2026 0:39 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director |
| Announcement Reference | SG260413OTHRPINH |
| Submitted By (Co./ Ind. Name) | Choy Bing Choong |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name of person | Lau Lee Hua |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 29/04/2026 |
| Detailed reason(s) for cessation | In view of Rule 406(3)(d)(iv) of the Catalist Rules which prescribes a nine-year tenure limit for independent directors and to facilitate renewal of the Board, Ms Lau Lee Hua ("Ms Lau") will not seek re-election and retire as an Independent Non-Executive Director of the Company at the conclusion of the AGM to be held on 29 April 2026. Upon her retirement, she will also cease to be the Chairperson of the Remuneration Committee and member of Audit and Risk Committee and Nominating Committee. The Board would like to thank Ms Lau for her contributions over the past nine years. After having interviewed, Ms Lau and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Ms Lau as an Independent Non-Executive Director of the Company. The Board has nominated a new non-executive independent director to be appointed, subject to the approval of shareholders at the forthcoming AGM. |
| 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 | 08/02/2017 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairperson of the Remuneration Committee, Member of the Audit and Risk Committee, and Nominating Committee. |
| Role and responsibilities | The role and responsibilities as Independent Non-Executive Director, Chairperson of the Remuneration Committee, Member of the Audit and Risk Committee, and Nominating Committee. |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of independent directors currently resident in Singapore (taking into account this cessation) | 2 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Other Directorships Past (for the last 5 years) |
Nil |
| Present | Lau Lee Hua & Co. |
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