News
Change - Announcement Of Resignation Of Independent And Non-Executive Director
BackOct 22, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 22, 2024 18:42 |
| Status | New |
| Announcement Sub Title | Resignation of Independent and Non-Executive Director |
| Announcement Reference | SG241022OTHR4PZD |
| Submitted By (Co./ Ind. Name) | Chan Iz-Lynn |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Francis Siu Wai Keung as an Independent and Non-Executive Director. |
| Additional Details | |
| Name Of Person | Francis Siu Wai Keung |
| Age | 70 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 11/11/2024 |
| Detailed Reason (s) for cessation | Mr Francis Siu Wai Keung has served as an Independent and Non-Executive Director since 12 November 2015 and would have served on the Board of Directors of BHG Retail REIT for nine years on 11 November 2024. Mr Siu s retirement is part of the Board renewal process and the Board expresses its appreciation to Mr Siu for his invaluable contributions and guidance during his tenure. |
| 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 | 12/11/2015 |
| 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.) | Chairman of the Board Independent Non-Executive Director Audit and Risk Committee (Chairman) Nominating and Remuneration Committee (Member) |
| Role and responsibilities | Chairman of the Board Independent Non-Executive Director Audit and Risk Committee (Chairman) Nominating and Remuneration Committee (Member) |
| 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) CGN Power Co Ltd 2) Guocoland Limited 3) Beijing Gao Hua Securities Company Limited (China) 4) China International Capital Corporation Limited |
| Present | 1) China Communication Services Corporation Limited 2) CITIC Limited HK 3) Accounting and Financial Reporting Council, Hong Kong 4) Morgan Stanley Securities (China) Co., Ltd. |
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