Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
JAPAN FOODS HOLDING LTD.
Securities
JAPAN FOODS HOLDING LTD. - SG1X84942272 - 5OI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2023 18:07:19
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG230228OTHR2JRU
Submitted By (Co./ Ind. Name)
Chew Pei Tsing
Designation
Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director

This announcement has been prepared by 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 (the "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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Tan Lye Huat
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
03/03/2023
Detailed Reason (s) for cessation
Mr Tan is stepping down to facilitate board renewal in conjunction with his intention to also retire from directorship appointments in listed companies. Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Tan as the 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
24/11/2008
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 and Risk Committee ("ARC"), and a member of the Nominating Committee ("NC")
Role and responsibilities
Duties as an Independent Director, Chairman of ARC and a member of NC
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
Other Directorships
Past (for the last 5 years)
Independent Director of Nera Telecommunications Ltd from 28 January 2013 to 29 May 2020.
Independent Director of Dynamic Colours Limited from 23 May 2011 to 17 August 2020.
Independent Director of Neo Group Limited from 11 June 2012 to 10 June 2021.
Independent Director of SP Corporation Limited from 1 January 1999 to 8 April 2022.
Present
Nil