Change - Announcement of Cessation::Retirement of Executive Chairman

Issuer & Securities

Issuer/ Manager
BENG KUANG MARINE LIMITED
Securities
BENG KUANG MARINE LIMITED - SG1BH2000007 - BEZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2021 21:27:44
Status
New
Announcement Sub Title
Retirement of Executive Chairman
Announcement Reference
SG210331OTHRGCDZ
Submitted By (Co./ Ind. Name)
Chua Meng Hua
Designation
Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Executive Chairman

Additional Details

Name Of Person
Chua Beng Kuang
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2021
Detailed Reason (s) for cessation
Mr Chua Beng Kuang has decided not to seek re-election at the Annual General Meeting ("AGM") to be held on 27 April 2021 and will retire as a Director at the conclusion of the AGM pursuant to Regulation 107 of the Company's Constitution. Upon his cessation as Director, Mr Chua Beng Kuang will also cease to be the Executive Chairman 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
08/01/1994
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Responsible for the overall management, including developing and steering corporate plans, business directions and strategies for the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Chua Beng Kuang and Mr Chua Meng Hua, Managing Director and Chief Executive Officer of the Company, are brothers. Both Mr Chua Beng Kuang and Mr Chua Meng Hua are Substantial Shareholders of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chua Beng Kuang holds 9,066,875 ordinary shares (6.71%) in the
share capital of the Company.
Past (for the last 5 years)
Nil
Present
Nil