| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 8, 2021 21:50 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Independent Director and Audit Committee Member |
| Announcement Reference | SG210108OTHRWRDB |
| Submitted By (Co./ Ind. Name) | Nantika Ninvoraskul |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation of Independent Director and Audit Committee Member |
| Additional Details | |
| Name Of Person | Prof. Kanung Luchai |
| Age | 97 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 29/01/2021 |
| Detailed Reason (s) for cessation | To step off the Board in order to enable the Company to comply with the principles of good corporate governance of Singapore regarding the independence of directors and for the progressive renewal of the Board. |
| 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 | 29/05/2004 |
| 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) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 4 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director and Audit Committee Member |
| Role and responsibilities | Independent Director and Audit Committee Member |
| 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) | 2004 - Present: Independent Director and Audit Committee Member, Thai Beverage Public Company Limited 2008 - Present: Independent Director, Beer Thip Brewery (1991) Co., Ltd. 2004 - Present: Independent Director, Beer Thai (1991) Public Company Limited Present: Director: Kanung & Partners Law Offices Company Limited Present: Director: Kanung & Partners International Consultancy Company Limited 1991 - November 2015: Independent Director / Chairman of the Board of Directors / Chairman of the Audit Committee, Thailand Iron Works Public Company Limited 1999 - 2014: Independent Director and Audit Committee Member, Bangkok Bank Public Company Limited |
| Present | 2004 - Present: Independent Director and Audit Committee Member, Thai Beverage Public Company Limited 2008 - Present: Independent Director, Beer Thip Brewery (1991) Co., Ltd. 2004 - Present: Independent Director, Beer Thai (1991) Public Company Limited Present: Director: Kanung & Partners Law Offices Company Limited Present: Director: Kanung & Partners International Consultancy Company Limited |