Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
KOP LIMITED
Securities
KOP LIMITED - SG2G85000005 - 5I1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Oct-2021 19:48:47
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG211013OTHRZRLD
Submitted By (Co./ Ind. Name)
Ong Chih Ching
Designation
Executive Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Mr. Khong Choun Mun, Registered Professional, at 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Lee Kiam Hwee
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
29/10/2021
Detailed Reason (s) for cessation
Mr Lee Kiam Hwee ("Mr Lee") will be retiring as an Independent Director of the Company pursuant to Regulation 107 of the Company's Constitution. Accordingly, he shall retire at the conclusion of the Company's upcoming Annual General Meeting to be held on 29 October 2021 and step down as Chairman of Audit and Risk Committee, Member of the Nominating Committee and Member of Remuneration Committee.

The Company would like to express its gratitude and appreciation towards Mr Lee's valuable contributions to the Board during his tenure as the Lead Independent Director of the Company.

The Company's Sponsor, RHT Capital Pte. Ltd., having interviewed Mr Lee, is satisfied that, save as disclosed in the
announcement, there are no material reasons for the cessation of Mr Lee as 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
06/05/2014
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.)
Lead Independent Director, Chairman of the Audit and Risk Committee, Member of the Nominating Committee and Remuneration Committee
Role and responsibilities
Duties as Lead Independent Director, Chairman of the Audit and Risk Committee, Member of the Nominating Committee and 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)
HTL International Holdings Limited
Present
Marco Polo Marine Ltd.