Change - Announcement of Cessation::Cessation of Mr Lai Mun Onn as a Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
KOH BROTHERS GROUP LIMITED
Securities
KOHBROTHERSS$22.75M6.5%N260417 - SGXF62054436 - RLHB
KOH BROTHERS GROUP LIMITED - SG1B06007705 - K75
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Apr-2024 23:10:17
Status
New
Announcement Sub Title
Cessation of Mr Lai Mun Onn as a Non-Executive and Independent Director
Announcement Reference
SG240429OTHRO088
Submitted By (Co./ Ind. Name)
Koh Keng Siang
Designation
Executive Chairman and Group CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Lai Mun Onn as a Non-Executive and Independent Director

Additional Details

Name Of Person
Lai Mun Onn
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
29/04/2024
Detailed Reason (s) for cessation
Mr Lai Mun Onn retired as a Director of the Company in accordance with Regulation 110 of the Company's Constitution at its annual general meeting earlier this afternoon. Mr Lai did not seek re-election. The Board noted his decision and thanks Mr Lai for his contributions to the Board over the years. The Board wishes Mr Lai all the best for this future endeavours.
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
30/07/1994
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)
5
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Role and responsibilities
Non-Executive and Independent Director, Chairman of the Remuneration Committee, a Member of the Audit and Risk Committee and a Member of the Share Purchase 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?
Yes
Shareholding Details
100,000 shares in the capital of the Company and 14,000 shares in the capital of Koh Brothers Eco Engineering Limited
Past (for the last 5 years)
Nil
Present
Fuji Offset Manufacturing Ltd