Change - Announcement of Cessation::Cessation of Dr. Foo Fatt Kah as Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
ANCHOR RESOURCES LIMITED
Securities
ANCHOR RESOURCES LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
08-Jan-2021 20:50:16
Status
New
Announcement Sub Title
Cessation of Dr. Foo Fatt Kah as Non-Independent and Non-Executive Director
Announcement Reference
SG210108OTHR5RL6
Submitted By (Co./ Ind. Name)
Low Wee Siong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Dr. Foo Fatt Kah as Non-Independent and Non-Executive Director.

This announcement has been prepared by Anchor Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Foo Fatt Kah
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
23/01/2021
Detailed Reason (s) for cessation
Luminor Pacific Fund 2 Ltd ("Luminor") has sold its interests in the Company. Dr. Foo has been Luminor's representative on the Company's board and with the cessation of its interests; he is no longer required to serve as a director.

The Sponsor, after having interviewed Dr. Foo, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Dr. Foo as Non-Independent, Non-Executive 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
28/02/2018
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent, Non-Executive Director
Role and responsibilities
Non-Independent, Non-Executive 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)
Maida Vale Associates Pte Ltd
Luminor Capital Australia Pty Ltd
Ayondo Holding AG
Ayondo Asia Pte Ltd
King Wai Group Pte Ltd
VDH Tower (Ipoh) Sdn Bhd
Luminor Harbour Fund 1 Pte Ltd
Present
Luminor Capital Pte Ltd
Luminor Pacific Fund 1 Ltd (under voluntary liquidation)
PEC Ltd
Variscan Mines Ltd
Luminor Pacific Fund 2 Ltd
Ayondo Ltd
Multiple Lodge Sdn Bhd
Amira Properties Sdn Bhd (under voluntary liquidation)
Accentvest Sdn Bhd (under voluntary liquidation)
Luminor Fixed Income SPC
Venture Music Asia Pte Ltd
LCPL Partners VCC