Change - Announcement Of Resignation Of Independent Non-Executive Director
BackSep 26, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 26, 2025 17:31 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Non-Executive Director |
| Announcement Reference | SG250926OTHRCSYN |
| Submitted By (Co./ Ind. Name) | Eunice Hooi |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Non-Executive Director |
| Additional Details | |
| Name Of Person | Mr Yeo Wico |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/11/2025 |
| Detailed Reason (s) for cessation | As part of the board renewal process, Mr Yeo Wico will be stepping down from the Board of NetLink NBN Management Pte. Ltd, the Trustee-Manager of NetLink NBN Trust. Consequently, Mr Yeo Wico will also relinquish his position as a member of the Audit and Remuneration Committees. |
| 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 | 21/02/2017 |
| 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) | 6 |
| 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.) | Independent Non-Executive Director, Audit Committee Member and Remuneration Committee Member |
| Role and responsibilities | Independent Non-Executive Director, Audit Committee Member and Remuneration 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? | Yes |
| Shareholding Details | Mr Yeo Wico is deemed interested in the 300,000 units held on his behalf in the custodian account with Standard Chartered Bank (Singapore) Limited. |
| Past (for the last 5 years) | Nil |
| Present | Director, Vicplas International Ltd Partner, Allen & Gledhill LLP Board Member, Changi Airports International Pte. Ltd. |