News
Change - Announcement Of Retirement Of Non-Executive Chairman Of The Board
BackApr 27, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 27, 2019 17:22 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF NON-EXECUTIVE CHAIRMAN OF THE BOARD |
| Announcement Reference | SG190427OTHRZVQA |
| Submitted By (Co./ Ind. Name) | SIN CHEE MEI |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | RETIREMENT OF NON-EXECUTIVE CHAIRMAN OF THE BOARD |
| Additional Details | |
| Name Of Person | DR LEE KENG THON |
| Age | 75 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 27/04/2019 |
| Detailed Reason (s) for cessation | Dr Lee Keng Thon, who was due to retire at the Annual General Meeting of the Company ("AGM") pursuant to Article 117 of the Company's Constitution did not seek re-election as Director at the AGM. Following his retirement, Dr Lee Keng Thon also ceased to be the Chairman of the Board. |
| 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 | 08/09/1971 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Chairman of the Board |
| Role and responsibilities | Non-Executive and Chairman of the Board |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Brother of the Non-Executive Directors, Mr Lee Khin Tien and Mr Lee Kin Hong Uncle of substantial shareholders, Mr Lee Chou Hor George and Mr Lee Chou Tart. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 641,760 ordinary shares in Hotel Royal Limited |
| Past (for the last 5 years) | ROYAL CAPITAL PTE LTD ROYAL PROPERTIES INVESTMENT PTE LTD HOTEL ROYAL @ QUEENS (SINGAPORE) PTE LTD HOTEL ROYAL (THAILAND) PRIVATE LIMITED CASTLE MALL PROPERTIES PTE LTD PRESTIGE PROPERTIES SDN. BHD. FABER KOMPLEKS SDN. BHD. |
| Present | NIL |
