Change - Announcement of Cessation::Cessation of Mr Lim Jun Xiong Steven as a Lead Independent Director

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2021 12:22:45
Status
New
Announcement Sub Title
Cessation of Mr Lim Jun Xiong Steven as a Lead Independent Director
Announcement Reference
SG211231OTHRQ1VU
Submitted By (Co./ Ind. Name)
Lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lim Jun Xiong Steven as a Lead Independent Director

Additional Details

Name Of Person
Lim Jun Xiong Steven
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
As part of the Board renewal plan, Mr Lim Jun Xiong Steven has stepped down as a Lead Independent Director and has also relinquished his positions as the Chairman of the Audit Committee, and as a member of the Nominating Committee and Remuneration Committee.

For the purpose of Rule 704(7)(b) of the Mainboard Listing Rules, Mr Lim has confirmed that he is not aware of any irregularities in the Company and its subsidiaries which would have a material impact on the Group, including financial reporting.
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
22/11/2011
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Audit Committee Chairman, Remuneration Committee Member and Nominating Committee Member.
Role and responsibilities
Lead Independent Director and also the Chairman of the Audit Committee, and a member 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?
Yes
Shareholding Details
S$250,000 in principal amount of 6.25 per cent fixed rate Notes due 19 August 2023
Past (for the last 5 years)
Mancala Pty Ltd (Australia)
Mancala Holdings Limited (Cayman)
Sapphire Corporation Limited
Ranken Infrastructure Limited (HK)
Mirach Energy Limited
Emerging Towns & Cities Singapore Ltd
Present
Bund Centre Investment Ltd
Hong Fok Corporation Limited
Sinarmas Land Ltd
Livingstone Health Holdings Limited
Riverstone Holdings Limited