Change - Announcement Of Cessation As Non-Executive Independent Director
29 Apr 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 29, 2022 18:20 |
| Status | New |
| Announcement Sub Title | Cessation as Non-Executive Independent Director |
| Announcement Reference | SG220429OTHR6NEN |
| Submitted By (Co./ Ind. Name) | Michelle Koh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation as Non-Executive Independent Director and Chairman of the Executive Resource and Compensation Committee ("ERCC") and the Nominating Committee ("NC"), respectively. The admission and listing of CapitaLand Investment Limited on the Singapore Exchange Securities Trading Limited was sponsored by J.P. Morgan (S.E.A.) Limited. J.P. Morgan (S.E.A.) Limited assumes no responsibility for the contents of this announcement. |
| Additional Details | |
| Name Of Person | Stephen Lee Ching Yen |
| Age | 75 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2022 |
| Detailed Reason (s) for cessation | Mr Stephen Lee Ching Yen retired as Non-Executive Independent Director upon the conclusion of the Annual General Meeting of CapitaLand Investment Limited held on 29 April 2022. Following his retirement from the Board, Mr Lee also ceased to be Chairman of the ERCC and the NC, respectively. |
| 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 | 03/06/2021 |
| 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) | 6 |
| 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, ERCC Chairman, NC Chairman |
| 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 | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | CapitaLand Investment Limited - 220,726 shares (direct) |
| Past (for the last 5 years) | Please see attached Appendix. |
| Present | Please see attached Appendix. |