Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
BOLDTEK HOLDINGS LIMITED
Securities
BOLDTEK HOLDINGS LIMITED - SG2F47989262 - 5VI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jun-2022 17:28:09
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG220629OTHRDG62
Submitted By (Co./ Ind. Name)
PHUA LAM SOON
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Non-Executive Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

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 Leong Weng Tuck - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Additional Details

Name Of Person
Chen Timothy Teck-Leng @ Chen Teck Leng
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
29/06/2022
Detailed Reason (s) for cessation
To devote more time to his other commitments and for the Company to refresh the Board as Mr Chen has served as Independent Non-Executive Director of the Company for over nine (9) years.

Following Mr Chen's resignation, he will relinquish his position as Chairman of the Nominating and Remuneration Committees and member of the Audit Committee.

Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that save as disclosed in the announcement, there are no other material reasons for the cessation of Mr Chen as 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
24/12/2012
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)
1
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 Non-Executive Director, a member of the Audit Committee and Chairman of the Remuneration and Nominating Committees.
Role and responsibilities
Independent Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Sysma Holdings Limited
TMC Education Corporation Ltd (now known as Global Dragon Limited)
Tianjin Zhong Xin Pharmaceutical Group Corporation Limited
Present
Yangzijiang Shipbuilding (Holdings) Ltd.
Tye Soon Limited