Change - Announcement of Cessation::Resignation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
ZHONGXIN FRUIT AND JUICE LIMITED
Securities
ZHONGXIN FRUIT AND JUICE LTD - SG1P25916898 - 5EG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Oct-2023 17:25:57
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG231013OTHR15TM
Submitted By (Co./ Ind. Name)
Liu Yu
Designation
Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Lead Independent Director

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lance Tan Senior Vice President, at 8 Anthony Rd, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Tham Mun Chee
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2023
Detailed Reason (s) for cessation
To facilitate the Board's renewal process, given that Mr. Tham Mun Chee has served as a Director of the Company for close to nine years. Mr. Tham Mun Chee will resign as the Lead Independent Director and will also cease to be Chairman of the Audit Committee and Remuneration Committee, as well as a member of Nominating Committee. The Company has identified a suitable candidate to be appointed as the Lead Independent Director in place of Mr. Tham Mun Chee and will make an appropriate announcement upon completion of satisfactory due diligence.

Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Tham Mun Chee as the Lead Independent 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
01/01/2015
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Chairman of Audit Committee and Remuneration Committee
Member of the Nominating Committee
Role and responsibilities
Lead Independent Director, Chairman of Audit Committee and Remuneration Committee and a Member of Nominating Committee
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
Other Directorships
Past (for the last 5 years)
1. Yuncheng Zhongxin Fruit and Juice., Ltd. - Director

2. Xuzhou Zhongxin Fruit and Juice Co., Ltd - Director

3. Linyi SDIC Zhonglu Fruit Juice Co., Ltd. - Director
Present
Elms Industrial Pte. Ltd. - Accounting and Administration Manager