Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
AF GLOBAL LIMITED
Securities
AF GLOBAL LIMITED - SG1C01001033 - L38
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Feb-2023 18:23:03
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG230228OTHRML0T
Submitted By (Co./ Ind. Name)
Lim Swee Ann
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of AF Global Limited (the "Company") would like to announce the resignation of Mr Ong Tuen Suan as an Independent Director of the Company with effect from 28 February 2023. Following his resignation as a director on 28 February 2023, Mr Ong Tuen Suan ceased to be Chairman of the Nominating Committee and a member of the Audit Committee.

The Board expresses its appreciation to Mr Ong Tuen Suan for his dedication and invaluable contribution during his tenure of service.

Additional Details

Name Of Person
Ong Tuen Suan
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
28/02/2023
Detailed Reason (s) for cessation
Mr Ong Tuen Suan has decided to step down from the Board of the Company to allow for more time to focus his other commitments.
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
08/05/2018
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)
2
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.)
Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee
Role and responsibilities
Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
AF Global Limited
World Class Global Pte Ltd (formerly known as World Class Global Limited) (delisted from the Official List of the Singapore Exchange Securities Trading Limited with effect from 30 July 2021)
Present
G3 Progress Pte Ltd
Ong Han Tam Holdings Sdn Bhd
Nanyang Progress Sdn Bhd