| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 25, 2021 23:03 |
| Status | New |
| Announcement Sub Title | RETIREMENT OF LEAD INDEPENDENT DIRECTOR |
| Announcement Reference | SG210325OTHR99ZK |
| 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. Ronald Seah Lim Siang will step down from the Board as the Lead Independent Director and cease to serve as Chairman of the Audit Committee, a member of the Nominating Committee and a member of the Remuneration Committee at the conclusion of the annual general meeting of Yanlord Land Group Limited ("Company") to be held on 29 April 2021 ("2021 AGM"). |
| Additional Details | |
| Name Of Person | Seah Lim Siang |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/04/2021 |
| Detailed Reason (s) for cessation | Mr. Ronald Seah Lim Siang is due to retire by rotation at the 2021 AGM pursuant to Regulation 89 of the Company's Constitution. He has served the Board as an Independent Non-Executive Director for more than nine years and in support of the Board's progressive renewal, 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 | 11/05/2006 |
| 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.) | Lead Independent Director, Chairman of the Audit Committee, a member of the Nominating Committee and a member of the Remuneration Committee |
| Role and responsibilities | Assumed the roles and responsibilities of the Lead Independent Director, Chairman of the Audit Committee, a member of the Nominating Committee and a member of the Remuneration Committee |
| 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. Ronald Seah Lim Siang holds 20,000 ordinary shares of the Company. |
| Past (for the last 5 years) | 1. PGG Wrightson Limited |
| Present | 1. Global Investments Limited 2. Telechoice International Limited 3. M&C REIT Management Limited 4. M&C Business Trust Management Limited 5. Nucleus Connect Pte. Ltd. 6. LifeHealth Group Limited 7. LifeClinic Limited 8. LifeHub Limited |