Apr 01, 2025
Change - Announcement Of Cessation Of Appointment Of Non-Executive And Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 1, 2025 23:08 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG250401OTHRF07R |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mrs Siripen Sitasuwan as a Non-Executive and Independent Director and member of the Audit Committee of Frasers Property Limited ("FPL"). |
| Additional Details | |
| Name Of Person | Siripen Sitasuwan |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 02/04/2025 |
| Detailed Reason (s) for cessation | Mrs Siripen has served as a Non-Executive and Independent Director and a member of the Audit Committee of FPL since 17 October 2022. (She was formerly a Non-Executive and Independent Director of FPL from 25 October 2013 to 10 March 2014.) Mrs Siripen is retiring from the Board of FPL in line with FPL's plans for Board refreshment and renewal. Following her retirement from the Board of FPL, Mrs Siripen will also cease to be a member of the Audit Committee. The Board of FPL expresses its sincere appreciation to Mrs Siripen for her dedication and invaluable contributions during her tenure of service. |
| 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 | 17/10/2022 |
| 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) | 1 |
| 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.) | Non-Executive and Independent Director and member of the Audit Committee of FPL |
| Role and responsibilities | As 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) | - Director, Sermsuk Public Company Limited - Director, Fraser and Neave, Limited - Director, Thai Solar Energy Public Company Limited |
| Present | - Director, Thanachart Capital Public Company Limited |
