Change - Announcement of Cessation::Announcement of Retirement of Independent Director
Issuer & Securities
HAFARY HOLDINGS LIMITED
HAFARY HOLDINGS LIMITED - SG2F75992345 - 5VS
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Announcement of Retirement of Independent Director
Submitted By (Co./ Ind. Name)
Tay Eng Kiat Jackson
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chow Wen Kwan as Independent Director at the forthcoming Annual General Meeting of the Company, to be held when the date is determined.
Name Of Person
Chow Wen Kwan
Is effective date of cessation known?
If No, please advise when the date will be announced
Mr Chow will retire at the conclusion of the Annual General Meeting to be held when the date is determined.
Detailed Reason (s) for cessation
Retire as a Director of the Company pursuant to Article 104 of the Company's Constitution and not seeking re-election.
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.)
Independent Director, Chairman of the Remuneration Committee, and member of the Nominating Committee and Audit Committee
Role and responsibilities
Mr Chow was an Independent Director of the Company and was appointed on 10 November 2009. Mr Chow also served as Chairman of the Remuneration Committee, and member of the Nominating Committee and Audit Committee.
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)
(a) Healthbank Holdings Limited (previously known as SMJ International);
(b) Katrina Group Ltd;
(c) Rich Capital Holdings Limited; and
(d) Ley Choon Group Holdings Limited
(a) IAG Holdings Limited;
(b) Valuemax Group Limited; and
(c) Versalink Holdings Limited