Change - Announcement of Cessation::Change - Announcement of Cessation

Issuer & Securities

Issuer/ Manager
BLACKGOLD NATURAL RESOURCES LIMITED
Securities
BLACKGOLD NATURAL RESOURCESLTD - SG1AH0000001 - 41H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Oct-2022 21:14:00
Status
New
Announcement Sub Title
Change - Announcement of Cessation
Announcement Reference
SG221028OTHR2IMI
Submitted By (Co./ Ind. Name)
Andreas Rinaldi
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Sponsor has also not drawn on any specific technical expertise in its review of this announcement.

The contact person for the Sponsor is Mr Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Chng Hee Kok
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
28/10/2022
Detailed Reason (s) for cessation
Mr Chng Hee Kok ("Mr Chng") has decided to step down as the Independent Director and as Chairman of Remuneration Committee as well as member of Audit and Nominating Committees of the Company due to personal reasons.

Following Mr Chng's resignation, the Board and the Nominating Committee are currently in the process of reviewing its composition and the membership of the Board Committees to ensure compliance with the Code of Corporate Governance 2018 and the Catalist Rules and will endeavour to fill the vacancy in the Audit Committee to meet the requirements on the minimum number of not less than three Audit Committee members within two months, but in any case not later than three months from 28 October 2022 as stipulated under Rule 704(7) of the Catalist Rules.

Based on its enquiries, the Company's sponsor, Novus Corporate Finance Pte. Ltd. is satisfied that other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Chng as the 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
17/09/2019
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)
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.)
Independent Director, Chairman of Remuneration Committee, and member of Nominating and Audit Committees.
Role and responsibilities
Mr. Chng assumed the roles and responsibilities of Independent Director, Chairman of Remuneration Committee and member of Nominating and Audit Committees.
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?
Yes
Shareholding Details
Mr Chng holds 4,800,000 ordinary shares in the share capital of the Company

Past (for the last 5 years)
1. Ellipsiz Ltd
2. KTL Global Limited
3. Samudera Shipping Line Ltd
4 Chaswood Resources Holdings Ltd
5. Sandpiper Digital Payment AG
6. Metech International Limited
7. China Flexible Packaging Holding Limited
8. Rich Capital Holdings (formerly known as Infinio Group Limited)
9. Sino-American Tours Corporation Pte Ltd
Present
1. Debao Property Development Ltd
2. Full Apex (Holdings) Limited (undergoing delisting)
3. Luxking Group Holdings Limited
4. Rational Pricing Technologies Pte Ltd
5. The Place Holdings Ltd
6. United Food Holdings Limited
7. Ferrstron Electric Pte Ltd