Change - Announcement of Cessation::Retirement of Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
ACCRELIST LTD.
Securities
ACCRELIST LTD - SGXE69448095 - QZG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Nov-2022 22:01:39
Status
New
Announcement Sub Title
Retirement of Non-Independent and Non-Executive Director
Announcement Reference
SG221111OTHRQWYH
Submitted By (Co./ Ind. Name)
Dr. Terence Tea
Designation
Executive Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

This Announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

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 Mr Mah How Soon, Registered Professional, RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, sponsor@rhtgoc.com

Additional Details

Name Of Person
Kang Pang Kiang
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
28/11/2022
Detailed Reason (s) for cessation
Mr Kang Pang Kiang ("Mr Kang") will be retiring as a Non-Independent and Non-Executive Director of the Company pursuant to Regulation 91 of the Company's Constitution. Accordingly, he shall retire at the conclusion of the Company's forthcoming Annual General Meeting to be held on 28 November 2022 and relinquish his position as member of Audit Committee and Remuneration Committee.

The Company would like to express its gratitude and appreciation towards Mr Kang's valuable contributions to the Board during his tenure.

The Company's Sponsor, RHT Capital Pte. Ltd., having interviewed Mr Kang, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr Kang as a Non-Independent and 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
24/12/2019
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent and Non-Executive Director
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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1. Dbmobile.net Sdn. Bhd.
2. EG Global Sdn. Bhd.
3. Ercolani Network Sdn. Bhd.
4. Icrypto Sdn. Bhd.
5. Three-Ten Kelvin Sdn. Bhd.
6. WE Total Engineering Sdn. Bhd.
7. Jubilee Industries Holdings Ltd.
Present
1. EG Industries Berhad
2. Thong Guan Industries Berhad
3. Genshine Solutions Pte. Ltd.
4. EG Electronic Sdn. Bhd.
5. EG Operations Sdn. Bhd.
6. EG R&D Sdn. Bhd.
7. Glisten Knight Sdn. Bhd.
8. KGA Capital Sdn. Bhd.
9. Mastimber Industries Sdn. Bhd.
10. QYH Capital Sdn. Bhd.
11. SMT Technologies Sdn. Bhd.
12. TM SMT Sdn. Bhd.