Change - Announcement of Cessation::Cessation of Lead Independent Director - Mr Ng Hin Lee

Issuer & Securities

Issuer/ Manager
F J BENJAMIN HOLDINGS LTD
Securities
F J BENJAMIN HOLDINGS LTD - SG1D58018368 - F10
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2024 17:57:40
Status
New
Announcement Sub Title
Cessation of Lead Independent Director - Mr Ng Hin Lee
Announcement Reference
SG241010OTHRLH48
Submitted By (Co./ Ind. Name)
Wendy Isabel Wong Pei Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ng Hin Lee ("Mr Ng") as Lead Independent Director, Chairman of the Audit Committee as well as a member of the Nominating Committee and the Remuneration Committee of F J Benjamin Holdings Ltd (the "Company") upon the conclusion of the Company's Annual General Meeting (the "AGM") to be held on 28 October 2024.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist ("Catalist Rules").

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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Ng Hin Lee
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
28/10/2024
Detailed Reason (s) for cessation
Mr Ng has been serving as an Independent Director of the Company for more than nine years since his initial appointment. In view of Rule 406(3)(d)(iv) of the Catalist Rules, which prescribed a nine-year tenure limit for independent directors, Mr Ng has decided to step down as the Lead Independent Director of the Company upon the conclusion of the Company's forthcoming AGM to be held on 28 October 2024.

Upon Mr Ng's cessation, he will cease to be the Chairman of the Audit Committee as well as a member of the Remuneration Committee and the Nominating Committee.

After having interviewed Mr Ng 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 resignation of Mr Ng as the Lead 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
11/07/2014
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)
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.)
Lead Independent Director, Chairman of the Audit Committee as well as a member of the Nominating Committee and the Remuneration Committee
Role and responsibilities
Assumes the roles and responsibilities of the Lead Independent Director, Chairman of the Audit Committee as well as a member of the Nominating Committee and the Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
- KOP Limited
- GSH Corporation Limited
- InnoTek Limited
- Leading Dragon Corporation Ltd
- Jiaxing Shi Cheng Hotel Management Co., Ltd
- Tianjin Junhe Industrial Co., Ltd
- Qingdao Timi Supply Chain Co., Ltd
- Durian Master Pte. Ltd.
- Ding Yi Music Company Ltd.