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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 31, 2023 22:18 |
| Status | New |
| Announcement Sub Title | RESIGNATION OF AN INDEPENDENT DIRECTOR |
| Announcement Reference | SG230131OTHRMQOJ |
| Submitted By (Co./ Ind. Name) | Lim Say Chin |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the information below. This announcement has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr Chua Hiang Hwee Jerry, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com |
| Additional Details | |
| Name Of Person | YEE KIT HONG |
| Age | 73 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/02/2023 |
| Detailed Reason (s) for cessation | Mr Yee Kit Hong ("Mr Yee") resigned as the Independent Director of the Company ("Resignation") to facilitate board renewal. Following the Resignation, Mr Yee will also cease to be the Lead Independent Director, the Chairman of the Audit Committee and Remuneration Committee and a member of Nominating Committee 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? | 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 | 16/03/2016 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| 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.) | Lead Independent Director, Chairman of the Audit Committee and the Remuneration Committee and a member of Nominating Committee |
| Role and responsibilities | Non-Executive |
| 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 | Direct Interest - 200,000 Shares |
| Past (for the last 5 years) | Koon Holdings Limited |
| Present | Global Palm Resources Holdings Limited Nam Cheong Limited Other Principal Commitments Partner of Kit Yee & Co Partner of JH Tan & Associates |