Change - Announcement of Cessation::Retirement of Mr Chng Hee Kok as Lead Independent Director

Issuer & Securities

Issuer/ Manager
LUXKING GROUP HOLDINGS LIMITED
Securities
LUXKING GROUP HOLDINGS LIMITED - BMG570141058 - BKK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Oct-2024 17:53:49
Status
New
Announcement Sub Title
Retirement of Mr Chng Hee Kok as Lead Independent Director
Announcement Reference
SG241003OTHRCB19
Submitted By (Co./ Ind. Name)
Leung Chee Kwong
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Chng Hee Kok as Lead Independent Director of the Company

Additional Details

Name Of Person
Chng Hee Kok
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
25/10/2024
Detailed Reason (s) for cessation
Pursuant to Listing rule 210(5) of the Singapore Exchange Securities Trading Limited, Mr Chng Hee Kok will cease to be considered independent after the conclusion of upcoming Annual General Meeting to be held on 25 October 2024. As part of the Board renewal process, Mr Chng will be retiring as a Lead Independent Director of the Director and will relinquish his roles as Chairman of the Audit Committee ("AC"), and a member of the Nominating Committee ("NC") and Remuneration Committee ("RC").
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
17/06/2005
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.)
Lead Independent Director, Chairman of the AC and member of the NC and RC
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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
7,500 ordinary shares in the Company
Past (for the last 5 years)
i) China Flexible Packaging Holdings Ltd.;
ii) LH Group Ltd;
iii) Samudera Shipping Line Ltd;
iv) Chaswood Resources Holdings Ltd;
v) Ellipsiz Ltd;
vi) KTL Global Limited; and
vii) Metech International Limited
Present
i) Full Apex Holdings Limited;
ii) United Food Holdings Limited;
iii) The Place Holdings Limited;
iv) Debao Property Development Ltd;
v) Rational Pricing Technologies Pte. Ltd.; and
vi) Advanced Systems Automation Ltd.