Change - Announcement of Cessation::Retirement of Mr. Lim Yeok Hua as Independent Director

Issuer & Securities

Issuer/ Manager
KORI HOLDINGS LIMITED
Securities
KORI HOLDINGS LIMITED - SG2F40988253 - 5VC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 06:54:39
Status
New
Announcement Sub Title
Retirement of Mr. Lim Yeok Hua as Independent Director
Announcement Reference
SG240412OTHR5F64
Submitted By (Co./ Ind. Name)
Hooi Yu Koh
Designation
Executive Chairman and CEO
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, PrimePartners Corporate Finance 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 Ms Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Lim Yeok Hua
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Retirement.

Mr. Lim Yeok Hua ("Mr. Lim") has served on the Board of Directors (the "Board") for more than ten years since his appointment as Director of the Company on 16 November 2012. As part of the board renewal process, Mr. Lim has indicated to the Board that he will not be seeking for re-election at the forthcoming annual general meeting to be held on 29 April 2024 ("AGM"). He will accordingly retire as an Independent Director of the Company after the conclusion of the AGM.

Concurrently, he will relinquish his position as Chairman of the Nominating Committee and member of the Audit and Remuneration Committees after the conclusion of the AGM.

After having interviewed Mr. Lim and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Lim as a 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
16/11/2012
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)
3
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 Director
Chairman of NC and member of AC and RC
Role and responsibilities
Non-Executive, Chairman of NC and member of AC and RC
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Radiant Management Services Pte Ltd
JLogo Holdings Limited
Present
Radians Consulting Pte. Ltd.