| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 30, 2023 17:23 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG231030OTHRXAZB |
| Submitted By (Co./ Ind. Name) | Adrian Chan Pengee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director |
| Additional Details | |
| Name Of Person | Goh Chung Meng |
| Age | 66 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/10/2023 |
| Detailed Reason (s) for cessation | Mr Goh Chung Meng ("Mr Goh") has decided to retire and not seek re-election to facilitate the renewal and sustainability process of the Board. The Board of Directors wishes to record its appreciation to Mr Goh for his contributions to the Company over the years. For the purposes of Board renewal, Mr Tan Ka Huat was elected at the annual general meeting of the Company held on 30 October 2023 as a non-executive independent 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 | 16/10/2001 |
| 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 | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director and Chairman of the Nominating and Remuneration Committees and member of the Audit and Risk Committee |
| Role and responsibilities | Roles and responsibilities of a Non-Executive Independent Director and Chairman of the Nominating and Remuneration Committees and member of the Audit 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 | Direct interest in 190,000 ordinary shares in the Company |
| Past (for the last 5 years) | NIL |
| Present | TauRx Pharmaceuticals Ltd |