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Change - Announcement Of Resignation Of Non-Executive And Non-Independent Director
BackJul 07, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 7, 2023 19:31 |
| Status | New |
| Announcement Sub Title | Resignation of Non-Executive and Non-Independent Director |
| Announcement Reference | SG230707OTHRJIDS |
| Submitted By (Co./ Ind. Name) | Lai Wai Kit Andrew |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Please see below. |
| Additional Details | |
| Name Of Person | Lim Chai Hock Clive |
| Age | 64 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/07/2023 |
| Detailed Reason (s) for cessation | Mr Lim Chai Hock Clive has served on the Board of TeleChoice International Limited ("TeleChoice") since 29 September 1999 and was last re-elected as a Director on 28 April 2022. He stepped down from his previous position as the President and Executive Director of TeleChoice in November 2006, and has since been a Non-Executive and Non-Independent Director of TeleChoice. Mr Lim has decided to resign in support of the Board renewal process. Following his resignation, he will cease to be a member of the Executive Committee. The Board of TeleChoice expresses its appreciation to Mr Lim for his dedication and invaluable contribution during his tenure of service. |
| 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 | 29/09/1999 |
| 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) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director Member, Executive Committee |
| Role and responsibilities | As above |
| 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 | Mr Lim is a substantial shareholder of TeleChoice, and has: (a) a direct interest in 183,000 shares in TeleChoice; and (b) a deemed interest in 83,804,200 shares in TeleChoice held by Leap International Pte Ltd, which is 100% owned by Mr Lim. |
| Past (for the last 5 years) | Nil |
| Present | Leap International Pte Ltd Leap Securities Pte. Ltd. Leap Foundation Ltd Leap Holdings Inc. Institute for Marketplace Transformation |