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

Issuer & Securities

Issuer/ Manager
BONVESTS HOLDINGS LIMITED
Securities
BONVESTS HOLDINGS LTD - SG2R04002568 - B28
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
01-Mar-2024 18:19:19
Status
New
Announcement Sub Title
Cessation of Lead Independent Director
Announcement Reference
SG240301OTHR2RC4
Submitted By (Co./ Ind. Name)
Foo Soon Soo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Lead Independent Director - Mr Chew Heng Ching

Additional Details

Name Of Person
Chew Heng Ching
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
26/04/2024
Detailed Reason (s) for cessation
To facilitate Board renewal, Mr Chew Heng Ching who has served the Board for more than nine years will retire at the conclusion of the forthcoming Annual General Meeting to be held on 26 April 2024 ("AGM"). The Company would like to take this opportunity to express its sincere appreciation and thanks to Mr Chew for his invaluable contributions during his tenure and wishes him all the best in his future endeavors.
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?
Yes
If Yes, Please provide full details
With the retirement of Mr Chew Heng Ching at the conclusion of the forthcoming AGM, the AC will not have a minimum of 3 members. The Board is in the process of seeking and identifying a suitable Independent Director to fill the vacancy left by Mr Chew.
Date of Appointment to current position
03/04/1995
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, AC Member, NC Chairman, RC Member
Role and responsibilities
Lead Independent Director, AC Member, NC Chairman, RC Member
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
Past (for the last 5 years)
Spindex Industries Limited
Sinopipe Holdings Limited
Huan Hsin Holdings Ltd
Present
HL Global Enterprises Ltd
Ausgroup Limited
Pharmesis International Ltd