| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2021 17:43 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG210429OTHRO19B |
| Submitted By (Co./ Ind. Name) | Soh Siak Poh Benedict |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director |
| Additional Details | |
| Name Of Person | Prabhakaran S/O Narayanan Nair |
| Age | 72 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2021 |
| Detailed Reason (s) for cessation | Mr. Prabhakaran S/O Narayanan Nair was due for retirement by rotation at the Eighteenth Annual General Meeting of the Company pursuant to Regulation 89 of the Company's Constitution and has decided not to seek re-election as a Director of the Company. |
| 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 | 12/08/2003 |
| 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 |
| 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 Nominating Committee and a member of Audit Committee and Remuneration Committee. |
| Role and responsibilities | Duties as an Independent Director, Chairman of Nominating Committee and a member of Audit Committee and Remuneration Committee. |
| 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? | No |
| Past (for the last 5 years) | Nil |
| Present | Principal commitment: Advocate and solicitor with Karan Nair and Co. |