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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Dec 23, 2021 18:30 |
| Status | New |
| Announcement Sub Title | Resignation of Lead Independent Non-Executive Director |
| Announcement Reference | SG211223OTHRFM4F |
| 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 resignation of Mr Low Weng Keong as a Lead Independent Non-Executive Director of the Company on 31 December 2021, being the last day of service in the Company. |
| Additional Details | |
| Name Of Person | Low Weng Keong |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/12/2021 |
| Detailed Reason (s) for cessation | Mr Low Weng Keong resigned as a Lead Independent Non-Executive Director of the Company on 31 December 2021 as part of board rejuvenation, having served on the Board for more than 9 years. |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Non-Executive Director, Chairman of the Audit Committee |
| Role and responsibilities | Fulfilling the responsibilities of a Lead Independent Non-Executive Director and Chairman of Audit Committee. |
| 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? | No |
| Past (for the last 5 years) | NTUC Education and Training Fund (Member of Board of Trustees) (till October 2019) Confederation of Asian and Pacific Accountants Limited (Board Member) (till May 2019) |
| Present | UOL Group Limited Haw Par Corporation Limited iX Biopharma Limited Aquarius Investment Advisors Pte. Ltd. Singapore Institute of Accredited Tax Practitioners Limited |