Change - Announcement of Cessation::Retirement of Lead Independent Director, Mr Koh Poh Tiong

Change - Announcement of Cessation::Retirement of Lead Independent Director, Mr Koh Poh Tiong Issuer & Securities

Issuer/ ManagerRAFFLES MEDICAL GROUP LTDSecuritiesRAFFLES MEDICAL GROUP LTD - SG1CH4000003 - BSL
Stapled SecurityNo

Announcement Details

Announcement Title Change - Announcement of CessationDate &Time of Broadcast 01-Dec-2021 18:59:45Status NewAnnouncement Sub TitleRetirement of Lead Independent Director, Mr Koh Poh TiongAnnouncement ReferenceSG211201OTHROJ3HSubmitted By (Co./ Ind. Name)Kimmy GohDesignationCompany SecretaryDescription (Please provide a detailed description of the event in the box below)Retirement of Mr Koh Poh Tiong as Lead Independent Director, a member of the Audit & Risk Committee, a member of the Nomination & Compensation Committee and a Non-Executive Independent Director.

Additional Details

Name Of PersonMr Koh Poh Tiong Age75Is effective date of cessation known?YesIf yes, please provide the date31/12/2021Detailed Reason (s) for cessationAs part of the Board rejuvenation process and good corporate governance practice, Mr Koh Poh Tiong will retire from the Board on 31 December 2021. Mr Koh has served on the Board for more than 10 years and various Board Committees during his tenure of service.

Upon his retirement, he will also cease to be the Lead Independent Director, a member of the Audit & Risk Committee and a member of the Nomination & Compensation Committee of the Company.

The Board of Directors and the Company would like to record our appreciation to Mr Koh for his invaluable contributions and guidance during his tenure as an Independent Director of the Company. 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?NoIs there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?NoAny other relevant information to be provided to shareholders of the listed issuer?NoDate of Appointment to current position03/10/2011Does the AC have a minimum of 3 members (taking into account this cessation)?YesNumber of Independent Directors currently resident in Singapore (taking into account this cessation)7Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months1Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Lead Independent Director, Audit & Risk Committee Member and Nomination & Compensation Committee Member. Role and responsibilitiesNon-Executive and Lead Independent Director. Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNoneShareholding interest in the listed issuer and its subsidiaries?YesShareholding Details1. Direct Interest - 657,283 Raffles Medical Group Ltd Ordinary Shares

2. Date of Grant - 3 April 2017
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 100,000
Option price per share - S$1.42

3. Date of Grant - 3 September 2018
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 150,000
Option price per share - S$1.09

4. Date of Grant - 1 July 2019
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 225,000
Option price per share - S$1.04

5. Date of Grant - 5 October 2020
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 400,000
Option price per share - $0.81

6. Date of Grant - 1 September 2021
Options to subscribe for Ordinary Shares in Raffles Medical Group Ltd - 320,000
Option price per share - S$1.40
Past (for the last 5 years)1. The Great Eastern Life Assurance Company Limited (Director)
2. Great Eastern Holdings Limited (Director)
3. SATS Ltd. (Director)
4. United Engineers Limited (Director)
5. The National Kidney Foundation (Chairman and Director)
6. Singapore Kindness Movement (Chairman)
7. Bukit Four Pte. Ltd. (Director)
8. Bukit Three Pte. Ltd. (Director)Present1. Raffles Medical Group Ltd (Director)
2. Fraser and Neave, Limited (Director and Adviser)
3. Delfi Limited (Director)
4. Bukit Sembawang Estates Limited (Chairman and Director)
5. Saigon Beer Alcohol Beverage Corporation (Chairman and Director)
6. Great Eastern Life Assurance (Malaysia) Berhad (Director)
7. Great Eastern General Insurance (Malaysia) Berhad (Director)
8. BeerCo Limited (Chairman and Director)
9. Asia Breweries Limited (Director)
10. Sembawang Estates (Private) Limited (Director)
11. Singapore United Estates (Private) Limited. (Director)
12. Times Publishing Limited (Chairman and Director)
13. Bukit Sembawang View Pte. Ltd. (Director)
14. Paterson Collection Pte. Ltd. (Director)
15. Paterson One Pte. Ltd. (Director)
16. BSEL Development Pte. Ltd. (Director)
17. Bukit Sembawang Land Pte. Ltd. (Director)
18. Bukit Two Pte. Ltd. (Director)
19. Bukit One Pte. Ltd. (Director)

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