Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
SMI VANTAGE LIMITED
Securities
SMI VANTAGE LIMITED - SG1T17929525 - Y45
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Jul-2022 21:14:24
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG220713OTHRJ5I2
Submitted By (Co./ Ind. Name)
Mark Francis Bedingham
Designation
Executive Director, President and CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

Additional Details

Name Of Person
Fong Sing Chak Jack
Age
58
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2022
Detailed Reason (s) for cessation
Pursuant to Article 91 of the Company's Constitution, Mr Fong Sing Chak Jack has decided to retire and not to seek re-election at the conclusion of the Annual General Meeting of the Company to be held on 28 July 2022.
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
06/11/2013
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, member of Audit, Remuneration and Nominating Committee
Role and responsibilities
Independent Director, member of Audit, Remuneration and Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Fong Sing Chak Jack is deemed interested in 1,000,000 shares registered in the name of a nominee account.
Past (for the last 5 years)
1. Gist Sourcing Limited, Hong Kong
2. ICO Group Limited
Present
1. Trade Honour Limited, Hong Kong
2. Atelier Fashion Limited, Hong Kong