Change - Announcement of Cessation::Retirement of Independent and Non-Executive Director - Mr Low Weng Keong

Issuer & Securities

Issuer/ Manager
IX BIOPHARMA LTD.
Securities
IX BIOPHARMA LTD. - SG1BD9000009 - 42C
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Sep-2022 17:34:47
Status
New
Announcement Sub Title
Retirement of Independent and Non-Executive Director - Mr Low Weng Keong
Announcement Reference
SG220922OTHRFN7T
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Low Weng Keong as Independent and Non-Executive Director of the Company.

This announcement has been prepared by iX Biopharma Ltd. (the "Company") and its contents have been reviewed by the Company's Sponsor, UOB Kay Hian Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone: (65) 6590 6881.

Additional Details

Name Of Person
Low Weng Keong
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
14/10/2022
Detailed Reason (s) for cessation
In accordance with Regulation 85 of the Company's Constitution, Mr Low Weng Keong is one of the Directors to retire by rotation at the Company's forthcoming Annual General Meeting ("AGM"). However, he will not be offering himself for the re-election and will retire as a Director of the Company on 14 October 2022, at the conclusion of the AGM, to facilitate Board renewal.

Based on its enquiries, the Company's Sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the retirement of Mr Low Weng Keong as the Independent and Non-Executive 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
18/06/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director; Chairperson of the AC; a member of NC, RC and RMC.
Role and responsibilities
Duties of an Independent and Non-Executive Director; Chairperson of the Audit Committee; a member of Nominating Committee, Remuneration Committee and Risk Management 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
1,252,169 ordinary shares of the Company
Other Directorships
Past (for the last 5 years)
- Confederation of Asian and Pacific Accountants Limited
- UOL Group Limited
- Riverstone Holdings Limited
- NTUC Education and Training Fund (as member of Board of Trustees)
Present
- Haw Par Corporation Limited
- Aquarius Investment Advisors Pte Ltd
- Singapore Institute of Accredited Tax Practitioners Limited (Singapore) Singapore's Tax Accreditation Body