Change - Announcement of Cessation::RETIREMENT OF AN INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
KATRINA GROUP LTD.
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Apr-2024 18:05:25
Status
New
Announcement Sub Title
RETIREMENT OF AN INDEPENDENT DIRECTOR
Announcement Reference
SG240403OTHRE53D
Submitted By (Co./ Ind. Name)
Alan Goh Keng Chian
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms Joan Lau Sau Chee as the Independent Director of Katrina Group Ltd. (the "Company") following the conclusion of the forthcoming Annual General Meeting ("AGM") of the Company to be held on 29 April 2024.

This announcement has been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange 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 Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Additional Details

Name Of Person
Joan Lau Sau Chee
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Pursuant to Regulation 117 of the Company's Constitution, Ms Joan Lau Sau Chee ("Ms Lau") is one of the directors to retire by rotation at the AGM of the Company to be held on 29 April 2024.

Ms Lau has decided that she will not be offering herself for re-election at the AGM. Ms Lau will retain office until the conclusion of the AGM.

Based on its enquiries, the Sponsor is satisfied that save as disclosed in this announcement, there is no other material reason for the cessation of Ms Lau as an Independent Director.
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
01/05/2019
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and Member of the Audit and Nominating Committees.
Role and responsibilities
Responsibilities as an Independent Director, Chairman of the Remuneration Committee and Member of the Audit and Nominating Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Nil