Changes to the Composition of the Board and the Board Committees

15 August 2023

Posted at 20:03h in News, Uncategorized by

The Board of Directors (“Board”) of Don Agro International Limited (“Company”) wishes to announce the appointment of Mr. Gavin Mark McIntyre as an Independent Non-Executive Director of Don Agro International Limited (the “Company”). Having considered the Nominating Committee’s recommendations, the qualifications and working experience of Mr. Gavin Mark McIntyre (“Mr. McIntyre”), is of the view that he has the requisite experience and capabilities as an Independent Non-Executive Director of the Company.

The Board announces the changes to the composition of the Board and the various Board Committees following:

1. the appointment of Mr. McIntyre as an Independent Non-Executive Director, Chairman of the Audit and Risk Committee (“ARC”) and member of the Nominating Committee (“NC”) and Remuneration Committee (“RC”) with effect from 16 August 2023;

2. the cessation of Mr. Tan Han Beng (Chen Hanming) as announced on 13 June 2023, as an Independent Non-Executive Director, Chairman of the ARC, member of the NC and RC with effect from 30 June 2023; and

3. the passing of Mr. Edwin Tham Soong Meng (“Mr. Tham”) as announced on 11 August 2023, ceasing as an Independent Non-Executive Director, Chairman of the RC, member of the ARC and NC.

The detailed announcement in relation to Mr McIntyre’s appointment as Independent Non-Executive Director of the Company pursuant to Rule 704(6) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited will be set out in a separate announcement released by the Company on SGXNet today.

The composition of the Board and each of the Board Committees with effect from 16 August 2023 is as follows:

Board of Directors
(a) Evgeny Tugolukov Executive Chairman
(b) Marat Devlet-Kildeyev Chief Executive Officer and Executive Director
(c) Ravi Chidambaram Independent and Non-Executive Director
(d) Gavin Mark McIntyre Independent and Non-Executive Director

Audit and Risk Committee
(a) Gavin Mark McIntyre Chairman
(b) Ravi Chidambaram Lead Independent and Non-Executive Director

Nominating Committee
(a) Ravi Chidambaram Chairman
(b) Gavin Mark McIntyre Member

Remuneration Committee
(a) Ravi Chidambaram Member
(b) Gavin Mark McIntyre Member

The Company will continue to assess suitable candidates to fill the vacancy following Mr Tham’s demise and the Company will make appropriate announcement(s) in due course with respect to the appointment of any new Independent Director to the Board.