See Hup Seng
Investor Relations
News
Change - Announcement Of Resignation Of Independent Director
BackSep 30, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Sep 30, 2022 17:31 |
| Status | New |
| Announcement Sub Title | Resignation of Independent Director |
| Announcement Reference | SG220930OTHRFWW7 |
| Submitted By (Co./ Ind. Name) | Chester Leong |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Independent Director |
| Additional Details | |
| Name Of Person | Lee Kuo Chuen |
| Age | 60 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/09/2022 |
| Detailed Reason (s) for cessation | As part of the board renewal process, Mr Lee Kuo Chuen, who has served as an Independent Director for a consecutive period of 9 years, has resigned as an Independent Director. Consequent to his resignation as an Independent Director, he will also be vacating his positions as Chairman of the Nominating Committee as well as member of the Audit and Remuneration Committee. |
| 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 | 01/10/2013 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| 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.) | Independent Director, Chairman of the Nominating Committee and member of the Audit and Remuneration Committees |
| Role and responsibilities | Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | - Left Coast Company, LLC - Lu International (Singapore) Financial Asset Exchange Pte. Ltd. - ICOAGE Limited |
| Present | - Hong Lai Huat Group (formerly known as HLH Group Limited) - DLEE Capital Management Pte Ltd - BlockAsset Management Pte. Ltd. - Global FinTech Institute Ltd. - Blockchain Association Singapore Ltd. (formerly known as Blockchain Enterprises and Scalable Technologies Association Ltd.) - SmartMesh Foundation Pte. Ltd. - Meshbox Foundation Pte. Ltd. - Rule72 Pte. Ltd. (formerly known as Zilliqa Capital Pte. Ltd.) - ETORO Singapore Pte. Ltd. |