Change - Announcement of Cessation::RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Issuer & Securities
VALLIANZ HOLDINGS LIMITED
VALLIANZ HOLDINGS LTD - SGXE15078822 - WPC
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Submitted By (Co./ Ind. Name)
Ling Yong Wah
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This document has been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Faye Chong, Director (Corporate Finance), at 96 Robinson Road, #13-01, SIF Building, Singapore 068899. Telephone: (65) 6227 5810. Email: email@example.com
Name Of Person
Poon Siew Loong
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr. Poon Siew Loong ("Mr. Poon") has resigned as an Independent Director of the Company due to his health and heavy work commitments.
Following Mr Poon's resignation, he will relinquish his position as the Chairman of Nominating Committee ("NC") and a member of Audit Committee ("AC") and Remuneration Committee ("RC") of the Company.
After having interviewed Mr. Poon and to the best of its knowledge, the Company's Sponsor, Provenance Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Poon as an Independent Director of the Company.
The Company will take appropriate action to fill the vacancy in compliance with 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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of NC and member of AC and RC
Role and responsibilities
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
1. Shanghai Panlong Enterprise Management Consulting Co. Ltd. (Legal Person)
2. Pan Capital Pte Ltd
1. Kimen Pte Ltd
2. Bondsupermart Pte Ltd.