Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
BROMAT HOLDINGS LTD
Securities
BROMAT HOLDINGS LTD - SGXE18744354 - 9I7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2024 21:31:22
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG241015OTHRQDHI
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 Independent Director.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Ms. Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Francis Ding Yin Kiat
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
15/10/2024
Detailed Reason (s) for cessation
Mr Francis Ding Yin Kiat ("Mr Ding") has expressed his intention to retire at the upcoming annual general meeting or upon the appointment of new directors, whichever is earlier. Mr Ding has decided to step down as an independent director of the Company for board renewal purposes. He will also be relinquishing his position as Chairman of the Audit Committee and Member of the Remuneration Committee and Nominating Committee.

After having interviewed Mr Ding, and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Ding as an 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?
No
Date of Appointment to current position
30/01/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and Member of the Remuneration Committee and 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?
No
Past (for the last 5 years)
Nil
Present
Board Member, HCSA Community Services