Change - Announcement Of Resignation Of Independent Director - Mr Lee Soo Hoon, Phillip
BackJul 14, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 14, 2020 20:24 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Director - Mr Lee Soo Hoon, Phillip |
| Announcement Reference | SG200714OTHRXN3O |
| Submitted By (Co./ Ind. Name) | Liew Chee Seng James |
| Designation | Executive Director and CEO, LMIRT Management Ltd (as manager of Lippo Malls Indonesia Retail Trust) |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr Lee Soo Hoon, Phillip as Independent Director and Chairman of Audit and Risk Committee |
| Additional Details | |
| Name Of Person | Lee Soo Hoon, Phillip |
| Age | 78 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/07/2020 |
| Detailed Reason (s) for cessation | In line with the board renewal process and having served as Independent Director of the Manager for close to a nine-year term, the Manager has procured the resignation from Mr Lee Soo Hoon, Phillip as Independent Director. Accordingly, Mr Lee will also step down from his role as Chairman of the Audit and Risk 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 | 04/08/2011 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 3 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of the Audit and Risk Committee |
| Role and responsibilities | Non-Executive |
| 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? | No |
| Past (for the last 5 years) | - IPC Corporation Ltd - Transcorp Holdings Limited - Heatec Jietong Holdings Ltd - CSE Global Limited |
| Present | - G K Goh Holdings Ltd - Estate and Trust Agencies (1972) Ltd - Kluang Rubber Company (Malaysia) Bhd - Kuchai Development Bhd - Sungei Bagan Rubber Company (Malaysia) Bhd |
Attachments
- Announcement (Size: 32,780 bytes)
- Press Release (Size: 90,855 bytes)