Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
KLW HOLDINGS LTD - SG1G23864448 - 504
Stapled Security

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Sep-2020 23:26:37
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
Submitted By (Co./ Ind. Name)
KLW Holdings Limited
Board of Directors
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, R & T Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement including the accuracy or completeness of any of the figures used, statements, opinions or other information made or disclosed.

This announcement has not been examined or approved by the SGX-ST. 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 Howard Cheam Heng Haw (Telephone: +65 6232 0685) at R & T Corporate Services Pte. Ltd., 9 Straits View, Marina One West Tower, #06-07, Singapore 018937.

Additional Details

Name Of Person
Lim Han Siang Peter
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Ordinary Resolution 5 of the Company's annual general meeting held on 29 September 2020 ("AGM") on the re-election of Mr. Lim Han Siang Peter was not carried. Accordingly, Mr. Lim Han Siang Peter ceased to be a Director of the Company upon the conclusion of the AGM. Based on its enquiries, the Company's Sponsor, R & T Corporate Services Pte. Ltd. is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Lim Han Siang Peter as 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?
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?
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 Nominating Committee and a member of the Audit and Remuneration Committees.
Role and responsibilities
Duties as Independent Director, Chairman of Nominating Committee and a member of the Audit and Remuneration Committees.
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)
In Singapore:
Soulnation Pte Ltd
L3 K-Investment Pte Ltd
L3 Advisory & Ventures Pte Ltd
Aleta Planet MES Pte Ltd
In South Korea:
New Songdo International City Development LLC
In Hong Kong:
ACPG Bucheon Dev Ltd
REP Capital Limited
ACPG K-Land Co Ltd
L3 Advisory & Ventures Co Ltd
REP Company Ltd
MPHK Management Co Ltd
Aleta Planet HK Company Ltd
In B.V.I:
Asia Capital Pioneers Group