- Name Of Person
-
LAI Shi Hong, Edward
- Age
-
58
- Is effective date of cessation known?
-
Yes
- If yes, please provide the date
-
31/12/2023
- Detailed Reason (s) for cessation
-
In line with Rule 210(5)(d)(iv) of the Listing Manual that imposes a 9-year limit on the tenure of Independent Directors, Mr Lai is considered as an independent director until the conclusion of the next AGM of the Company to be held in April 2024. With the appointment of new Independent Directors, Mr Lai will relinquish his position as Chairman of Audit Committee, and a member of the Nominating Committee and Risk Committee on 31 December 2023.
- 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
-
26/02/2015
- 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
-
4
- Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
-
Independent Director, Chairman of Audit Committee, and a member of the Nominating Committee and Risk Committee
- Role and responsibilities
-
He is the Chairman of Audit Committee, and a member of the Nominating Committee and Risk Committee
- Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
-
No
- Shareholding interest in the listed issuer and its subsidiaries?
-
Yes
- Shareholding Details
-
300,000 ordinary shares; and
250,000 employee share options
- Other Directorships
- Past (for the last 5 years)
-
Nil
- Present
-
Director, Liuzhou Wuling Motors Industrial Company Limited
Director, Xing Hua (Hong Kong) CPAs Limited
Director, Xing Hua Consulting Services Limited
Director, Dragon Hill Development (Hong Kong) Limited
Director, DH Corporate Services Limited
Director, Dragon Hill (HK) Limited
Director, Tech Rhino International Limited
Director, Supreme Leader International Limited
Director, King Power Limited
