Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Dec-2023 17:19:55
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG231228OTHRQX4S
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Ng Shin Ein ("Ms Ng") as Director of the Company.

Additional Details

Name Of Person
Ng Shin Ein
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2024
Detailed Reason (s) for cessation
Cessation as part of the Board renewal process and pursuant to mandatory maximum 9-year tenure for independent directors under listing rule requirement.
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
20/04/2013
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)
3
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.)
Chairman of Remuneration Committee; member of Audit and Risk Management Committee; and Member of Nominating Committee.
Role and responsibilities
Non-executive
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)
First Resources Ltd
Sabana REIT
Yanlord Land Group Limited
Dreamscape Networks Limited
Present
Grab Holdings Inc.
Starhub Limited
Singapore Land Group Limited (SingLand)
CSE Global Limited
Singapore International Foundation