Corporate Profile
Established in 1991, LHN Group is a real estate management services group with the distinguishing ability to generate value for our space owners and space users through our expertise in Space Optimisation. With Facilities Management Services and Logistics Management Services complementing our core Space Optimisationbusiness, our space users can look towards our wide range of business solutions to support the growth of their businesses.
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Change - Announcement Of Retirement Of Independent Non-Executive Director
Jan 24, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 24, 2025 22:25 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director |
| Announcement Reference | SG250124OTHRA2U8 |
| Submitted By (Co./ Ind. Name) | Chong Eng Wee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Ms. Ch'ng Li-Ling as Independent Non-Executive Director of the Company. |
| Additional Details | |
| Name Of Person | Ch'ng Li-Ling |
| Age | 53 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/01/2025 |
| Detailed Reason (s) for cessation | Pursuant to Rule 210(5)(d)(iv) of the SG Mainboard Rules read with Paragraph 2.1 of SGX-ST Transitional Practice Note 4 on Transitional Arrangements regarding the Tenure Limit for Independent Directors, as of the date of an issuer's annual general meeting for the financial year ending on or after 31 December 2023, a director (whether independent, executive or non-executive) who has served on the board of an issuer for an aggregate period of nine years will no longer be eligible to be designated as an independent director of the issuer. Ms. Ch'ng Li-Ling was appointed as Independent Non-Executive Director on 10 March 2015 and has served as Independent Non-Executive Director for more than nine years. As a result, following the conclusion of the AGM, Ms. Ch'ng Li-Ling will no longer be considered independent and will retire at the AGM without seeking re-election. Accordingly, at the conclusion of the AGM, Ms. Ch'ng Li-Ling will step down as the chairwoman of the Remuneration Committee and as a member of the Nominating Committee and Audit Committee. |
| 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 | 10/03/2015 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Non-executive Director, Chairwoman of the RC, member of the AC and NC of the Company. |
| Role and responsibilities | As described above. |
| 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) | Nil |
| Present | Ms. Ch'ng is currently a partner in RHTLaw Asia since 2011, an independent director of SGX-ST listed Biolidics Limited (Singapore Stock Code: 8YY) and an independent director of SGX-ST listed Shanaya Limited (Singapore Stock Code: SES). |