Change – Announcement of Cessation: Lead Independent Director

Name Of Person
Siau Kai Bing

Age
70

Is effective date of cessation known?
Yes

If yes, please provide the date
28/10/2024

Detailed Reason (s) for cessation
After serving more than 9 years from the date of his appointment as an independent director of the Company, Mr. Siau Kai Bing ("Mr. Siau") will be retiring as Lead Independent Director of the Company pursuant to Regulation 91 of the Company's constitution and he will not seek for re-election. Accordingly, he has retired at the conclusion of the Company's Annual General Meeting held on 28 October 2024 and he will also step down as Chairman of Audit Committee, Member of the Nominating Committee and Remuneration Committee.

The Company would like to express its gratitude and appreciation towards Mr. Siau's valuable contributions to the Board during his tenure.

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
28/06/2005

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)
1

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.)
Lead Independent Director, Chairman of Audit Committee, Member of Nominating and Remuneration Committees

Role and responsibilities
Lead Independent Director, Chairman of Audit Committee, Member of Nominating and Remuneration Committees

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
36,000 Ordinary Shares

Past (for the last 5 years)
Nil

Present
Nordic Group Limited
Econ Healthcare (Asia) Limited