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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 2, 2019 17:54 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Director |
| Announcement Reference | SG190902OTHR8SRW |
| Submitted By (Co./ Ind. Name) | Michelle Heng |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation as Independent Director. |
| Additional Details | |
| Name Of Person | Tay Puan Siong |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 02/09/2019 |
| Detailed Reason (s) for cessation | Having served for more than 20 years on the Board of the Company, Mr Tay Puan Siong has decided to step down for progressive renewal of the Board. He will also step down as Chairman of the Audit Committee and a member of the Nominating Committee. |
| 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 | 02/06/1994 |
| 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.) | Independent Director, AC Chairman and NC member |
| Role and responsibilities | Non-Executive Independent Director |
| 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: 2,500 ordinary shares in Company Deemed: 2,500 ordinary shares in Company |
| Past (for the last 5 years) | Times Publishing Limited, GMG Global Limited |
| Present | Nil |