Change - Announcement Of Cessation Of Independent Non-Executive Director

Announcement Title	Change - Announcement of Cessation
Date & Time of Broadcast	Apr 29, 2024 17:33
Status	New
Announcement Sub Title	Announcement of Cessation of Independent Non-Executive Director
Announcement Reference	SG240429OTHRQVKD
Submitted By (Co./ Ind. Name)	Lotus Isabella Lim Mei Hua
Designation	Company Secretary
Description (Please provide a detailed description of the event in the box below)	Announcement of Cessation of Mr. Lim Song Joo as Independent Non-Executive Director.
Additional Details
Name Of Person	Mr. Lim Song Joo
Age	69
Is effective date of cessation known?	Yes
If yes, please provide the date	29/04/2024
Detailed Reason (s) for cessation	Retirement at the Annual General Meeting of the Company due to Board renewal.
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	29/02/2012
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)	2
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.)	Independent Non-Executive Director, Chairman of Audit & Risk Committee
Role and responsibilities	Fulfilling the duties as the Independent non-Executive Director and Audit & Risk Committee Chairman.
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	1,224,000 Ordinary Shares of Straco Corporation Limited
Past (for the last 5 years)	Nil
Present	Nil