News
Change - Announcement Of Cessation Of Independent Director
BackJun 13, 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 13, 2023 20:34 |
| Status | New |
| Announcement Sub Title | Cessation of Independent Director |
| Announcement Reference | SG230613OTHRU42Z |
| Submitted By (Co./ Ind. Name) | Marat Devlet-Kildeyev |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation of Independent Director. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Joseph Au, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Name Of Person | TAN HAN BENG |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2023 |
| Detailed Reason (s) for cessation | Mr Tan Han Beng ("Mr Tan") has resigned as a director of the Company due to work and other personal commitments. After having interviewed Mr Tan and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Tan as an Independent Non-Executive Director of the Company. The Company is currently assessing suitable candidates to fill the vacancy to meet the minimum number of members within the Audit and Risk Committee of the Company pursuant to the Catalist Rules. |
| 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 | 28/06/2019 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director, Chairman of the Audit and Risk Committee, and members of the Nominating Committee and Remuneration Committee. |
| Role and responsibilities | Non-Executive Director, Chairman of the Audit and Risk Committee, and members of the Nominating Committee and Remuneration 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) | Kitchen Culture Holdings Ltd |
| Present | 1. Challenger Technologies Limited 2. Old Chang Kee Ltd |
