Change - Announcement of Cessation::Resignation of Independent Director - Mr Lien Kait Long

Issuer & Securities

Issuer/ Manager

IPC CORPORATION LTD

Securities

IPC CORPORATION LIMITED - SG1BB8000004 - AZA

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Cessation

Date & Time of Broadcast

20-Sep-2018 17:40:23

Status

New

Announcement Sub Title

Resignation of Independent Director - Mr Lien Kait Long

Announcement Reference

SG180920OTHRZK91

Submitted By (Co./ Ind. Name)

Ngiam Mia Hai Bernard

Designation

Executive Director

Description (Please provide a detailed description of the event in the box below)

Resignation of Mr Lien Kait Long ("Mr Lien") as an Independent Director of the Company. Mr Lien will accordingly relinquish his position as Lead Independent Director, Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee respectively.

The Company has identified a suitable candidate to be appointed on the Board and will make the relevant announcement when appropriate.

The Board of Directors wishes to record its appreciation to Mr Lien for for his contributions to the Company.

Additional Details

Name Of Person

Lien Kait Long

Age

70

Is effective date of cessation known?

Yes

If yes, please provide the date

20/09/2018

Detailed Reason (s) for cessation

To focus on other work commitments.

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

05/07/2013

Does the AC have a minimum of 3 members

No

(taking into account this cessation)?

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

1

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Lead Independent Director, Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee.

Role and responsibilities

Independent Director.

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?

No

Past (for the last 5 years)

8Telecom International Holdings Co Ltd Green Build Technology Limited

Viking Offshore & Marine Ltd Pacific Healthcare Holdings Ltd Hanwell Holdings Limited

Pacific Healthcare Nursing Home Pte Ltd Pacific Eldercare and Nursing Pte Ltd

Present

Falcon Energy Group Limited China Jishan Holdings Limited Tat Seng Packaging Group Ltd Renewable Energy Asia Group Limited

China Enterprises Limited (Listed on OTC USA)

China Real Estate Grp Ltd. (formerly known as Asia-Pacific Strategic Investments Limited)

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Disclaimer

IPC Corporation Limited published this content on 20 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 September 2018 10:22:05 UTC