| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 6, 2021 8:16 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Lim Jun Xiong Steven as an Independent Director |
| Announcement Reference | SG210406OTHRG2NJ |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Shervyn Essex - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com |
| Additional Details | |
| Name Of Person | Lim Jun Xiong Steven |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 05/04/2021 |
| Detailed Reason (s) for cessation | Due to health reasons, Mr Lim Jun Xiong Steven ("Mr Lim") is gradually scaling down on his commitments. The Board of Directors thanks Mr Lim for his contributions and dedication to the Company. Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lim as Independent Director 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? | Yes |
| If Yes, Please provide full details | To meet the requirements as set out in Rule 704(7) of the Listing Manual Section B: Rule of the Catalist of Singapore Exchange Securities Trading Limited and Section 201B(4) of the Companies Act (Cap. 50), and to comply with the relevant principles and provisions of the Code of Corporate Governance 2018 in relation to, inter alia, the composition of the Audit Committee, Remuneration Committee, and Nominating & Corporate Governance Committee (collectively, the "Committees" and singly the "Committee"), the Company endeavors to fill the vacancies in the said Committees, within two months, but in any case not later than three months to meet the minimum number of not less than three directors in each of the Committee. |
| Date of Appointment to current position | 25/05/2018 |
| 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) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of Audit Committee, Chairman of Remuneration Committee and Member of Nominating & Corporate Governance 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? | No |
| Past (for the last 5 years) | Sapphire Corporation Limited Ranken Holdings Co., Limited (f.k.a Ranken Infrastructure Limited) Mancala Holdings Limited Mancala Pty Ltd |
| Present | Bund Center Investment Ltd Mirach Energy Limited Keong Hong Holdings Limited Hong Fok Corporation Limited Sinarmas Land Ltd Livingstone Health Holdings Limited |