Change - Announcement of Cessation::Resignation of Director, Honor Tone Limited

Issuer & Securities

Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Mar-2021 19:08:26
Status
New
Announcement Sub Title
Resignation of Director, Honor Tone Limited
Announcement Reference
SG210302OTHRJXCX
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Director, Honor Tone Limited

Additional Details

Name Of Person
Hung Kai Wing
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
19/04/2021
Detailed Reason (s) for cessation
Retirement
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
10/03/2000
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.)
Director, Honor Tone Limited
Role and responsibilities
Executive. Mr Hung Kai Wing is a Director of the Group's principal operating subsidiary, Honor Tone Limited, and responsible for overseeing the EMS Division.
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
6,545,000 shares in the listed issuer
Past (for the last 5 years)
Nil
Present
(1) Honor Tone Electronics (Hui Yang) Enterprises Limited
(2) Huizhou Daya Bay Honor Tone Industrial Ltd.
(3) Huizhou Daya Bay Honor Tone Diagnostic Equipment Limited
(4) Mighty Resources Inc.
(5) Value Chain Limited
(6) Value Creation Enterprises Limited
(7) Valuetronics Asia Limited