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

Issuer & Securities

Issuer/ Manager
BEST WORLD INTERNATIONAL LIMITED
Securities
BEST WORLD INTERNATIONAL LTD - SG1DG3000004 - CGN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Feb-2019 18:45:28
Status
New
Announcement Sub Title
Resignation of Non-Executive Independent Director
Announcement Reference
SG190215OTHRYJ2X
Submitted By (Co./ Ind. Name)
Huang Ban Chin
Designation
Director and Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Chan Soo Sen ("Mr Chan") as Non-Executive Independent Director. Following his resignation, Mr Chan will also cease as the Chairman of the Remuneration Committee and a Member of both the Audit and Nominating Committees.

Additional Details

Name Of Person
Chan Soo Sen
Age
61
Is effective date of cessation known?
Yes
If yes, please provide the date
15/02/2019
Detailed Reason (s) for cessation
To focus on work commitments and responsibilities outside of the Company.

The Board has accepted Mr Chan Soo Sen's resignation. The Board and the Management of Best World Group would like to record their sincere appreciation and thanks to Mr Chan Soo Sen for his invaluable contribution as a member of the Board during his tenure of service on the Company's Board and Board Committees and wish him all the very best for the future.

Please refer to the attachment on changes in the composition of the Board and Board Committees.
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
07/03/2016
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)
2
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 Independent Director, Remuneration Committee Chairman, Audit Committee member and Remuneration Committee member.
Role and responsibilities
Non-Executive Independent Director
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)
Nil
Present
BreadTalk Group Limited
Midas Holdings Limited
Cogent Holdings Limited

Attachments

2019 02 15 BWIL Ann Change Composition of Board and Board Committees.pdf
Total size =55K