Change - Announcement of Cessation::Retirement of Lead Independent Director

Issuer & Securities

Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Jul-2023 07:10:14
Status
New
Announcement Sub Title
Retirement of Lead Independent Director
Announcement Reference
SG230721OTHRWZWF
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms Tan Siok Chin as Lead Independent Director, the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee of the Company.

Additional Details

Name Of Person
Tan Siok Chin
Age
53
Is effective date of cessation known?
Yes
If yes, please provide the date
21/07/2023
Detailed Reason (s) for cessation
Having served on the Board for 9 years since her appointment on 22 July 2014, Ms Tan Siok Chin retired as Independent Director on the Board.

Accordingly, Ms Tan also relinquished her roles as the Lead Independent Director, the Chairman of the Remuneration Committee ("RC") and a member of the Audit Committee ("AC") and Nominating Committee ("NC") 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
22/07/2014
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Lead Independent Director, Chairman of the RC, member of the AC and member of the NC
Role and responsibilities
Role and responsibilities of an Independent Director, Lead Independent Director, Chairman of the RC, member of the AC and member of the NC
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
Other Directorships
Past (for the last 5 years)
Design Studio Group Limited
Present
(1) ACIES Law Corporation
(2) Cosmesteel Holdings Limited