Change - Announcement of Cessation::Announcement of Cessation of Executive Director
Issuer & Securities
KITCHEN CULTURE HOLDINGS LTD.
KITCHEN CULTURE HOLDINGS LTD. - SG2D45972171 - 5TI
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Cessation of Executive Director
Submitted By (Co./ Ind. Name)
Lim Wee Li
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Canaccord Genuity Singapore Pte. Ltd., after having interviewed Mr Lim, is satisfied that other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Lim.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Canaccord Genuity Singapore Pte. Ltd. has not independently verified the contents of this announcement.
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 Alex Tan, Chief Executive Officer, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.
Name Of Person
Lim Han Li
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
To pursue personal interests
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
Mr Lim will not be seeking re-election and will retire as Director at the conclusion of the forthcoming annual general meeting of the Company. Following his cessation as Director, Mr Lim will continue his employment with the Company as an advisor until June 2014.
The Board of Directors of the Company is of the view that there will be continued smooth functioning of the Group subsequent to Mr Lim's cessation.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Role and responsibilities
Responsible for the implementation and coordination of strategies and policies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Lim is the brother of Mr Lim Wee Li, the Executive Chairman and Chief Executive Officer of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Mr Lim holds 8,300,000 ordinary shares in the share capital of the Company as at the date of this announcement.
Past (for the last 5 years)
Please refer to attached
Please refer to attached
Total size =8K