05 Apr 2021
Change - Announcement Of Retirement Of Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 5, 2021 8:19 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG210405OTHRLT4W |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director, Chairman of the Nominating Committee and Remuneration Committee and a Member of the Audit Committee. |
| Additional Details | |
| Name Of Person | Shabbir H. Hassanbhai |
| Age | 74 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 28/04/2021 |
| Detailed Reason (s) for cessation | Mr Shabbir H. Hassanbhai ("Mr Shabbir") who is retiring pursuant to Regulation 115 of the Company's Constitution, will not be seeking re-election as Director at the Company's forthcoming Annual General Meeting to be held on 28 April 2021 so as to facilitate Board renewal in line with good governance practices. |
| 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 | 16/08/2013 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of Nominating Committee and Remuneration Committee and a Member of Audit Committee |
| Role and responsibilities | Independent Director, Chairman of Nominating Committee and Remuneration Committee and a Member of Audit 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) | 1. Dynamic Colours Limited 2. Gateway Rail Freight Pvt Ltd 3. Hakimuddin & Sons Pte Ltd 4. Chandra CFS and Terminal Operations Private Limited |
| Present | 1. Indo Straits Trading Co Pte Ltd 2. Hassanbhai Realty Pte Ltd 3. Zee Chin & Co Pte Ltd 4. Creative Arts & Culture Ltd 5. ITE Education Services Pte Ltd 6. MENDAKI Social Enterprise Network Singapore Pte Ltd 7. Collab Consultants Pte Ltd 8. Gateway Distriparks Limited 9. Gateway Distriparks (South) Pvt Ltd 10. Gateway East India Pvt Ltd 11. Gateway Distriparks (Kerala) Limited 12. Snowman Logistics Limited 13. Al Badawi General Trading LLC 14. Singapore Indian Development Association (SINDA) 15. Singapore Indian Education Trust 16. Singapore Turf Club 17. Indian Business Leaders Roundtable, Singapore Business Federation 18. Andhra Pradesh-Singapore Business Council, Singapore Business Federation 19. India-Singapore CEO Forum, Singapore Business Federation 20. Singapore Indian Fine Arts |