SGX Announcements
Change - Announcement Of Retirement Of Independent Non-Executive Director - Wee Guan Oei Desmond
BackApr 27, 2026
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 27, 2026 19:55 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director - Wee Guan Oei Desmond |
| Announcement Reference | SG260427OTHRAMDO |
| Submitted By (Co./ Ind. Name) | Neo Teck Pheng |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Wee Guan Oei Desmond as Lead Independent Director and Non-Executive Director of the Company at the conclusion of the Annual General Meeting of the Company, held on 27 April 2026 ("AGM"). |
| Additional Details | |
| Name of person | Wee Guan Oei Desmond |
| Age | 55 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date. | 27/04/2026 |
| Detailed reason(s) for cessation | As part of the Board renewal process, Mr Wee Guan Oei Desmond retired from the Board as the Lead Independent Director and Non-Executive Director of the Company upon the conclusion of the AGM. |
| 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 | 06/02/2017 |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, Chairman of the Nominating Committee and Chairman of the Remuneration Committee. |
| Role and responsibilities | Lead Independent Director, Chairman of the Nominating Committee and Chairman of the Remuneration Committee. |
| 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) | 3 |
| Do independent directors make up at least one-third of the board (taking into account this cessation)? | Yes |
| Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Other Directorships Past (for the last 5 years) |
Popular Holdings Limited |
| Present | Spartans Rugby Singapore Limited |