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Change - Announcement Of Cessation Of Mr Khua Kian Kheng Ivan As Independent Director
BackJul 16, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 16, 2024 8:04 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Khua Kian Kheng Ivan as Independent Director |
| Announcement Reference | SG240716OTHR2A1Q |
| Submitted By (Co./ Ind. Name) | Ong Beng Hong |
| Designation | Joint Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Khua Kian Kheng Ivan as Independent Director |
| Additional Details | |
| Name Of Person | Khua Kian Kheng Ivan |
| Age | 49 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/07/2024 |
| Detailed Reason (s) for cessation | Pursuant to Article 89 of the Company's constitution, Mr Khua Kian Kheng Ivan ("Mr Khua") is one of the Directors to retire by rotation at the annual general meeting to be held on 31 July 2024 ("AGM"). To facilitate Board renewal, Mr Khua has indicated that he will not be seeking re-election at the AGM. Accordingly, Mr Khua will cease to be a Director of the Company at the conclusion of the AGM. |
| 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 | 18/12/2006 |
| 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) | 0 |
| 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.) | Chairman of the Nominating Committee, Member of the Audit and Risk Committee and Remuneration Committee |
| Role and responsibilities | The appointment is 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 | 302,500 shares |
| Past (for the last 5 years) | Moneymax Financial Services Ltd No Signboard Holdings Ltd. Blue Sky Power (Singapore) Pte Limited Specialist Care Group Pte Ltd |
| Present | Serial System Ltd. Hock Leong Holdings (Private) Limited Hock Leong Private Limited Touchstone HL Capital Pte Ltd Tuanle Corporation Pte Ltd Synetcom International Pte Ltd Iapps Health Group Pte Ltd Eclypsium Labs Pte Ltd Centennial Harvest Limited |