Change - Announcement of Cessation::Retirement of Independent Non-executive Director

Issuer & Securities

Issuer/ Manager
MEDINEX LIMITED
Securities
MEDINEX LIMITED - SGXE82839874 - OTX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Jun-2021 17:32:34
Status
New
Announcement Sub Title
Retirement of Independent Non-executive Director
Announcement Reference
SG210624OTHRT5VC
Submitted By (Co./ Ind. Name)
Jessie Low Mui Choo
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Wee Yiap Fook San as an Independent Non-executive Director of the Company.

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by 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 Mr. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Name Of Person
Wee Yiap Fook San
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2021
Detailed Reason (s) for cessation
Mr. Wee Yiap Fook San will be retiring under Regulation 98 of the Company's constitution at the forthcoming Annual General Meeting to be held on 28 July 2021 and will be stepping down as Chairman of the Remuneration Committee and member of the Audit Committee and the Nominating Committee. He will not be seeking for re-election to focus on his work commitments.

After having interviewed Mr. Wee Yiap Fook San and to the best of its knowledge, the Company's sponsor, Novus Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no material reasons for the cessation of Mr. Wee Yiap Fook San as the Independent Non-executive Director 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
14/11/2018
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 Non-executive Director, Chairman of the Remuneration Committee and member of the Audit Committee and the Nominating Committee
Role and responsibilities
As above
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?
No
Past (for the last 5 years)
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