Change - Announcement of Cessation::Cessation of Independent Director
Issuer & Securities
KITCHEN CULTURE HOLDINGS LTD.
KITCHEN CULTURE HOLDINGS LTD. - SG2D45972171 - 5TI
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Independent Director
Submitted By (Co./ Ind. Name)
Lim Wee Li
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director.
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms. Lee Khai Yinn (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Name Of Person
Loh Eu Tse Derek
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Alignment of professional and other commitments.
SAC Capital Private Limited, after having interviewed Mr Loh Eu Tse Derek ("Mr Loh"), is satisfied that other than as disclosed in this announcement, there are no other reasons for the resignation of Mr Loh. The Sponsor also notes that Mr Loh is retiring from the boards of 2 other companies as disclosed in the "Other Directorships" section below.
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
No other relevant information to be provided to shareholders of the Company, save as disclosed in the Company's announcement dated 23 June 2021 in relation to its responses to queries received from the Singapore Exchange Regulation Pte. Ltd.
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.)
Independent Director, Chairman of the Nominating Committee, and a member of the Audit and Risk, and Remuneration Committees of the Company
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
Metech International Limited
Adventus Holdings Limited
Camembert Holdings Pte. Ltd.
Federal International (2000) Ltd
K2 F&B Holdings Limited (listed on the Hong Kong Stock Exchange) (Retiring upon the conclusion of the upcoming annual general meeting to be held on 29 June 2021)
Kingsmen Creatives Ltd.
St Joseph's Institution International Elementary School Ltd.
St Joseph's Institution International Ltd.
St Joseph's Institution Philanthropic Fund for the Lasallian Mission Ltd
TSMP Law Corporation
Vibrant Group Limited
Vietnam Enterprise International Ltd (listed on the London Stock Exchange) (Retiring on 30 June 2021)