Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
RE&S HOLDINGS LIMITED
Securities
RE&S HOLDINGS LIMITED - SG1EA3000005 - 1G1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Aug-2023 20:24:04
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG230815OTHRG0WZ
Submitted By (Co./ Ind. Name)
Foo Kah Lee
Designation
Executive Director and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Jennifer Tan, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Guok Chin Huat Samuel
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
14/08/2023
Detailed Reason (s) for cessation
To pursue other interests.

The Board would like to express its appreciation to Mr Guok for his invaluable contributions and guidance during his tenure.

After having interviewed Mr Guok and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Guok as the Independent Director of the Company.

The Company will be assessing suitable candidates to fill in the vacancy to meet the minimum number of members within the Audit Committee of the Company pursuant to the Catalist Rules.
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
30/10/2017
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Chairman of Remuneration Committee
Member of Audit Committee, Nominating Committee and Administration Committee
Role and responsibilities
Non-Executive Independent Director
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. Asia Travel.com Holdings Ltd.
2. Redwood Group Limited
3. International Cement Group Ltd.
4. Global Palm Resources Holdings Limited (delisted and now known as Global Palm Resources Holdings Pte. Ltd.)
Present
1. Aedge Group Limited
2. Campbelltown Asia Pte Ltd
3. Campbelltown Investment Holdings Pte Ltd
4. Starhealth Pte. Ltd.
5. Tellus Asset Management Pte Ltd