Change - Announcement of Cessation::Retirement of Lead Independent Director and Chairman

Issuer & Securities

Issuer/ Manager
JB FOODS LIMITED
Securities
JB FOODS LIMITED - SG1BH1000008 - BEW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2024 17:50:54
Status
New
Announcement Sub Title
Retirement of Lead Independent Director and Chairman
Announcement Reference
SG240409OTHRQ70H
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to below details.

Additional Details

Name Of Person
Chin Koon Yew
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
24/04/2024
Detailed Reason (s) for cessation
Pursuant to Article 98 of the Company's constitution, Mr Chin is one of the Directors to retire by rotation at the annual general meeting to be held on 24 April 2024 ("AGM").

To facilitate Board renewal, Mr Chin has indicated that he will not be seeking re-election at the AGM.

Accordingly, Mr Chin will cease to be a Director of the Company at the conclusion of the AGM.
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
18/02/2014
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)
1
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.)
Lead Independent Director and Chairman
Role and responsibilities
Lead Independent Director and Chairman,
Chairman of the Audit Committee and Risk 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
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest in 632,000 ordinary shares of the Company
Past (for the last 5 years)
None
Present
None