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

Issuer & Securities

Issuer/ Manager
HEALTHBANK HOLDINGS LIMITED
Securities
HEALTHBANK HOLDINGS LIMITED - SG1AA4000002 - 40B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Sep-2019 18:16:18
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG190923OTHRLD6G
Submitted By (Co./ Ind. Name)
Peng Fei
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by Singapore Exchange Securities Trading Limited (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 Ms Lee Khai Yinn (Tel: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Chong Soo Hoon, Sean
Age
44
Is effective date of cessation known?
Yes
If yes, please provide the date
23/09/2019
Detailed Reason (s) for cessation
To focus on other work commitment.

Following the aforesaid cessation, Mr Chong also relinquished his position as the Chairman of the Audit and Remuneration Committees and member of the Nominating Committee of the Company.

Based on its enquires, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chong as an Independent Director of the Company.

The Company expresses its gratitude to Mr Chong for his valuable contributions during his tenure of service.
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?
Yes
If Yes, Please provide full details
The Company will endeavor to fill the vacancy in the Board Committees within 2 months, and in any case no later than 3 months, to comply with Rule 704(7) of the Catalist Rules.
Date of Appointment to current position
12/07/2017
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and Chairman of Audit and Remuneration Committees and member of Nominating Committee
Role and responsibilities
Independent Non-Executive Director and Chairman of Audit and Remuneration Committees and member of Nominating 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?
No
Past (for the last 5 years)
1. China Kangda Food Company Limited
2. Scion Global Co., Ltd
Present
1. Anda Capital Solutions Pte. Ltd.
2. China Yuanbang Property Holdings Limited
3. Omnisense Systems Private Limited