Change - Announcement of Cessation::Resignation of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
CAPITAL WORLD LIMITED.
Securities
CAPITAL WORLD LIMITED. - KYG8763X1189 - 1D5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Oct-2024 18:45:58
Status
New
Announcement Sub Title
Resignation of Non-Executive and Independent Director
Announcement Reference
SG241004OTHRQFTA
Submitted By (Co./ Ind. Name)
Hoo Khee Leng
Designation
Executive Director and Chief Executive Officer
Effective Date and Time of the event
04/10/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the sponsor is Mr. Josh Tan at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com

Resignation of Mr Lam Kwong Fai as Non-Executive and Independent Director of the Company.

Additional Details

Name Of Person
Lam Kwong Fai
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
11/10/2024
Detailed Reason (s) for cessation
Mr Lam Kwong Fai ("Mr Lam") has tendered his resignation as the Non-Executive and Independent Director of the Company on 4 October 2024 to facilitate the Company's Board re-organisation and focus on his other commitments. Mr Lam's last day as Non-Executive and Independent Director of the Company will be on 11 October 2024. Accordingly, Mr Lam will cease to be the Chairman of the Audit Committee and the Nominating Committee and a member of the Remuneration Committee with effect from 11 October 2024.

Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lam as Non-Executive and Independent 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?
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
01/12/2020
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director.
Role and responsibilities
Chairman of the Audit Committee and the Nominating Committee and member of the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
29,000,000
Past (for the last 5 years)
1) Cashmallow Singapore Pte. Ltd.
2) Exa Discoveries Pte. Ltd.
3) Sevens Atelier Limited
4) Maxi Vault Private Limited
5) Maxi Solutions Private Limited
6) ACH Investments Pte Ltd
7) D'Nonce Technology Bhd
8) OEL (Holdings) Limited
9) Auspac Management Services Pte Ltd
10) Symbiot Private Limited
11) AJJ Medtech Holdings Limited
12) Alder Corporate Services Pte Ltd
13) Zenith Distribution LLP (struck-off)
Present
1) VCPlus Limited
2) SDAI Limited
3) Katrina Group Ltd
4) Soon Lian Holdings Limited
5) China Kunda Technology Holdings Limited
6) 3 Peaks Capital Private Limited (dormant)