Change - Announcement of Cessation::Resignation of Non-Executive Director

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Jun-2023 16:42:10
Status
New
Announcement Sub Title
Resignation of Non-Executive Director
Announcement Reference
SG230606OTHRWNOG
Submitted By (Co./ Ind. Name)
Teo Tong How
Designation
Chairman and Independent Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Director of the Company, Ms Kwan Yu Wen ("Ms Kwan").

Additional Details

Name Of Person
Kwan Yu Wen
Age
32
Is effective date of cessation known?
Yes
If yes, please provide the date
05/06/2023
Detailed Reason (s) for cessation
Ms Kwan tendered her resignation as a Non-Executive Director of the Company on 5 June 2023, in line with the Board's appointment of a new Executive Director and Chief Executive Officer to set a path for the new growth 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
13/02/2019
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)
4
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.)
Non-Executive Non-Independent Director
Role and responsibilities
Non-executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Ms Kwan is the daughter of Mr Kwan Chee Seng, the previous Executive Director of the Company, and a substantial shareholder of the Company. Mr Kelvin Kwan Chee Hong, being the General Manager of the Company, is the uncle of Ms Kwan.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
NA
Present
Luminor Financial Holdings Limited
Luminor Capital (Malaysia) Sdn Bhd
Venture Credit Sdn Bhd
Fiscalab Capital Markets Sdn Bhd
Amira Properties Sdn Bhd
Accentvest Sdn Bhd
VDH Land Sdn Bhd
VDH Tower (Ipoh) Sdn Bhd
Multiple Lodge Sdn Bhd
Rumah Kami Sdn Bhd
Ratus Nautika Sdn Bhd
GRP Project Management Sdn Bhd
Nakhoda Fishery (Sarawak) Sdn Bhd
GRP Hose & Marine Sdn Bhd
GRP Energiser Sdn Bhd
SA Puncak Management Sdn Bhd
EI Nuwr Sdn Bhd