News
Change - Announcement Of Retirement Of Mr Fong Kwok Jen As Non-Executive Independent Director
Back03 Nov 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 3, 2020 6:18 |
| Status | New |
| Announcement Sub Title | Retirement of Mr Fong Kwok Jen as Non-Executive Independent Director |
| Announcement Reference | SG201103OTHR67YD |
| Submitted By (Co./ Ind. Name) | Lee Ju Lin, Audrey |
| Designation | Company Secretary, CapitaLand Integrated Commercial Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Fong Kwok Jen as Non-Executive Independent Director. Mr Fong has also relinquished his role as a member of Audit Committee. |
| Additional Details | |
| Name Of Person | Mr Fong Kwok Jen |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 03/11/2020 |
| Detailed Reason (s) for cessation | Under the Securities and Futures (Licensing and Conduct of Business) Regulations issued by the Monetary Authority of Singapore, an independent director is one who has not served as a director for a continuous period of nine years ("9-year Rule"). Mr Fong Kwok Jen has served as a Non-Executive Independent Director for almost nine years, and is retiring as an independent director pursuant to the 9-year Rule. |
| 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 | 01/11/2012 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director and Member of Audit Committee |
| Role and responsibilities | Non-Executive Independent Director and Member of Audit Committee |
| 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? | Yes |
| Shareholding Details | 66,397 units in CapitaLand Integrated Commercial Trust (direct interest). |
| Past (for the last 5 years) | Please refer to the attached Appendix A. |
| Present | Please refer to the attached Appendix A. |
Attachments
- Appendix A (Size: 10,456 bytes)