News
Change - Announcement Of Retirement Of Independent Non-Executive Director - Lye Hoong Yip Raymond
BackJan 07, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 7, 2025 17:57 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director:Lye Hoong Yip Raymond |
| Announcement Reference | SG250107OTHRN45J |
| Submitted By (Co./ Ind. Name) | HOR SWEE LIANG |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors of Goodland Group Limited wishes to announce that Mr Lye Hoong Yip Raymond will retire as an Independent Non-Executive Director of the Company after the conclusion of the Annual General Meeting to be held on 22 January 2025. Following his retirement, Mr Lye will also cease as Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. The Board of Directors would like to express their appreciation to Mr Lye Hoong Yip Raymond for his invaluable contributions to the Company during his tenure as an Independent Non-Executive Director. |
| Additional Details | |
| Name Of Person | Lye Hoong Yip Raymond |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 22/01/2025 |
| Detailed Reason (s) for cessation | Mr Lye Hoong Yip Raymond has been appointed as a Director of the Company for more than 9 years. As part of the board renewal process, he will retire after the conclusion of the forthcoming Annual General Meeting in accordance with Rule 210(5)(d)(iv) of the SGX Listing Manual. |
| 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 | 19/08/2009 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of the Remuneration Committee and a Member of Nominating and Audit Committees |
| 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) | Independent Director - Soo Kee Group Limited and 800 Super Holdings Limited |
| Present | Managing Director - Union Law LLP Independent Director of: Goodland Group Limited Serial System Ltd Wee Hur Holdings Ltd |