Change - Announcement of Cessation::Resignation of Lead Independent Director
Issuer & Securities
SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED
SINO GRANDNESS FOOD IND GP LTD - SG2G19997136 - T4B
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Lead Independent Director
Submitted By (Co./ Ind. Name)
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
Mr Soh Beng Keng has resigned as a Lead Independent Director of the Company with effect from 25 December 2019. The Company will appoint another local director to replace Mr Soh Beng Keng on or before 24 December 2019.
Name Of Person
Soh Beng Keng
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Soh Beng Keng ("Mr Soh") has been with the Company for more than 9 years since his appointment as a Lead Independent Director of the Company. Mr Soh has decided to step down and resign to facilitate Board renewal and to pursue other personal interest.
Upon his resignation on 25 December 2019, Mr Soh also ceased to be the Chairman of the Audit Committee and Remuneration Committee, and a member of the Nominating Committee.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Audit Committee and Remuneration Committee, and a member of Nominating Committee
Role and responsibilities
Role and Responsibilities as a Lead Independent Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
1) BM Mobility Ltd.
1) China Haida Ltd.
2) ISDN Holdings Limited