Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ONEAPEX LIMITED
Securities
ONEAPEX LIMITED - SG2C90967473 - 5SY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Dec-2023 17:26:56
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG231206OTHRRPZ7
Submitted By (Co./ Ind. Name)
Tan Pei Hong, Alex
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Wan Tai Foong as an Independent Director of the Company.

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 (the "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 contact person for the Sponsor is Mr. Andrew Leo, Chief Executive Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Wan Tai Foong
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
30/01/2024
Detailed Reason (s) for cessation
Mr. Wan Tai Foong ("Mr. Wan") has decided to retire as an Independent Director of the Company at the forthcoming annual general meeting for the financial year ended 30 September 2023 ("Annual General Meeting") in support of the Board renewal process.

Upon the conclusion of the Company's forthcoming Annual General Meeting, Mr. Wan will cease to be an Independent Director of the Company, the Chairman of the Audit Committee and a member of the Remuneration Committee, Risk Committee, and Nominating Committee.

The Company is in the process of identifying suitable candidates to fill the vacancies in the Audit Committee and will make the appropriate announcements to update shareholders in due course.

The Sponsor, after having interviewed Mr. Wan, is satisfied that other than as disclosed in the announcement, there is no other reason for the retirement of Mr. Wan as an 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
20/11/2018
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)
1
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 the Audit Committee and a member of the Remuneration Committee, Risk Committee, and Nominating Committee.
Role and responsibilities
Independent Director.
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?
No
Past (for the last 5 years)
Ace Frontier Investments Ltd
Present
Qi Capital Pte. Ltd.
New Toyo International Holdings
Limited