| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 12, 2024 8:04 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG240412OTHRFHOP |
| Submitted By (Co./ Ind. Name) | Sau Ean Nee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Mr. Hong Pian Tee, an Independent Non-Executive Director ("INED") of Yanlord Land Group Limited ("Company"), who will be retiring from office by rotation pursuant to Regulation 89 of the Company's Constitution, has decided not to seek re-election. Mr. Hong Pian Tee will step down from the Board as an INED at the conclusion of the annual general meeting of the Company scheduled to be held on 29 April 2024 ("2024 AGM") and accordingly, he will cease to be the chairman of Audit Committee ("AC"), a member of Remuneration Committee ("RC") and a member of Risk Management and Sustainability Committee ("RMSC") of the Company. |
| Additional Details | |
| Name Of Person | Hong Pian Tee |
| Age | 79 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2024 |
| Detailed Reason (s) for cessation | Mr. Hong Pian Tee will be retiring from office by rotation at the 2024 AGM pursuant to Regulation 89 of the Company's Constitution, and he has decided not to seek re-election. |
| 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 | 01/09/2018 |
| 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) | 4 |
| 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.) | INED, the chairman of AC, a member of RC and a member of RMSC |
| Role and responsibilities | Mr. Hong Pian Tee assumes the roles and responsibilities of INED, the chairman of AC, a member of RC and a member of RMSC of the Company. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Mr. Hong Pian Tee holds a direct interest in 758,200 ordinary shares and is deemed to have an interest in 224,000 ordinary shares, of the Company. |
| Past (for the last 5 years) | AsiaPhos Limited |
| Present | 1. Pei Hwa Foundation Limited 2. XMH Holdings Ltd. 3. Sinarmas Land Limited 4. Hyflux Ltd 5. YHI International Limited |