(A) RESIGNATION OF INDEPENDENT DIRECTOR
(B) APPOINTMENT OF DIRECTORS
(C) CHANGES IN THE COMPOSITION OF THE BOARD AND RESPECTIVE BOARD COMMITTEES
The Board of Directors ("Board") of Sin Heng Heavy Machinery Limited ("Company" and together with its subsidiaries, "Group") wishes to announce the following changes to the Board and the respective Board Committees of the Company:-
(A) RESIGNATION OF INDEPENDENT DIRECTOR
Mr Yeo Yun Seng, Bernard had resigned as an Independent Director of the Company with effect from 1 July 2020.
The particulars of Mr Yeo Yun Seng, Bernard pursuant to the requirements to Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") has been separately announced by the Company today.
The Board takes this opportunity to express its appreciation to Mr Yeo Yun Seng, Bernard for his valuable contributions to the Company during his tenue and wishes him well in his future endeavours.
(B) APPOINTMENT OF DIRECTORS
The following persons be appointed as the Directors of the Company with effect from 1 July 2020:-
(a) Mr Teo Yi-Dar as Non-Executive Non-Independent Chairman ("Mr Teo"); and
(b) Mr Leong Wing Kong as Independent Director ("Mr Leong").
The Board considers Mr Teo to be non-independent and Mr Leong to be independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST. The particulars of Mr Teo and Mr Leong pursuant to the requirements of Rule 704(7) of the Listing Manual of the SGX-ST have been separately announced by the Company today.
(C) CHANGES IN THE COMPOSITION OF THE BOARD AND RESPECTIVE BOARD COMMITTEES
Following the retirement of Mr. Renny Yeo Ah Kiang as Independent Chairman at the conclusion of the Annual General Meeting of the Company held on 26 June 2020 and the abovementioned changes, with effect from 1 July 2020, the composition of the Board and its respective Board Committees will be as follows:-
Board
Mr Teo Yi-Dar | Non-Executive Non-Independent Chairman |
Mr Tan Ah Lye | Executive Director and Chief Executive Officer |
Mr Tan Cheng Kwong | Executive Director and Deputy Chief Executive Officer |
Mr Tan Cheng Guan | Executive Director |
Mr Soh Sai Kiang | Independent Director |
Mr Leong Wing Kong | Independent Director |
Audit and Risk Committee | |
Mr Leong Wing Kong | Chairman |
Mr Soh Sai Kiang | Member |
Mr Teo Yi-Dar | Member |
Nominating Committee | |
Mr Soh Sai Kiang | Chairman |
Mr Leong Wing Kong | Member |
Mr Teo Yi-Dar | Member |
Remuneration Committee | |
Mr Soh Sai Kiang | Chairman |
Mr Leong Wing Kong | Member |
Mr Teo Yi-Dar | Member |
BY ORDER OF THE BOARD | |
Tan Ah Lye |
Executive Director and Chief Executive Officer 1 July 2020
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Sin Heng Heavy Machinery Limited published this content on 01 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2020 14:03:03 UTC