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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 26, 2021 17:52 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Non-Executive Director - Albert Ho Shing Tung |
| Announcement Reference | SG210426OTHRX7SV |
| Submitted By (Co./ Ind. Name) | Wong Teek Son |
| Designation | Executive Chairman & Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors of Riverstone Holdings Limited ((the "Company") would like to announce the retirement of Mr Albert Ho Shing Tung as Independent Non-Executive Director after the conclusion of the Company's Annual General Meeting ("AGM") held on 26 April 2021. |
| Additional Details | |
| Name Of Person | Albert Ho Shing Tung |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 26/04/2021 |
| Detailed Reason (s) for cessation | Mr. Albert Ho Shing Tung retired as Independent Non-Executive Director of the Company after the conclusion of the AGM as part of board rejuvenation, having served on the Board for more than 9 years. Accordingly, Mr. Albert Ho Shing Tung relinquished his position as Chairman of Remuneration Committee ("RC"), Member of the Audit Committee ("AC") and Nominating Committee ("NC"). |
| 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 | 02/10/2006 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of RC, Member of the AC and NC. |
| Role and responsibilities | Fulfilling the responsibilities of an Independent Non-Executive 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? | Yes |
| Shareholding Details | Mr. Albert Ho Shing Tung holds 1,200,000 ordinary shares in the Company. |
| Past (for the last 5 years) | Chemical Analysis Pty Ltd |
| Present | Centrum Capital Pte. Ltd. Orient Torch Private Limited Machor Holdings Private Limited Fasrich Investment Pte. Ltd. Beral Holdings Pte. Ltd. Flexible Space Pte Ltd Helios Trade and Investments Pte Ltd Maritime Torch (Penang) Sdn. Bhd. Topsource Investment Ltd Ferringhi Rock Properties Sdn Bhd iX Biopharma Limited Syrinx Pharmaceutical Pty Ltd Kaizen Manufacturing Pty Ltd Entity Health Pte. Ltd. Entity Health Limited Entity Heath (China) Company Limited |