Change - Announcement of Cessation::CESSATION OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Mar-2024 18:40:31
Status
New
Announcement Sub Title
CESSATION OF INDEPENDENT DIRECTOR
Announcement Reference
SG240327OTHR6JSF
Submitted By (Co./ Ind. Name)
TAN KHAI PANG
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Wong Ming Ghee as Independent Director of the Company

Additional Details

Name Of Person
Mr Wong Ming Ghee
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2024
Detailed Reason (s) for cessation
Mr. Wong Ming Ghee, Bernard wishes to focus on and devote more time on his increasing personal principal commitments and resign as Independent Director and step down as Chairman of Nominating & Remuneration Committee , member of Audit Committee , member of Risk Committee 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
29/09/2021
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Chairman of Nominating & Remuneration Committee
Member of Audit Committee and
Member of Risk Committee

Role and responsibilities
Roles and responsibilities of Non-Executive and Independent Director,
Chairman of Nominating & Remuneration Committee,
Member of Audit Committee and
Member of Risk 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?
Yes
Shareholding Details
6000,000 ordinary shares in the Company
2000,000 ordinary shares in the Company (deemed Interest arises from spouse's direct interest.)
12,000 Redeemable Convertible Bonds (RCB)
4,000 RCB (deemed Interest arises from spouse's direct interest.)
$26,000 Convertible Loan Notes
2,000,000 Warrants
Past (for the last 5 years)
Independent Director of Omni-Plus System Limited, listed on the Tokyo Stock Exchange
Present
Independent Director of Omni-Plus System Limited, listed on the Tokyo Stock Exchange