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

Issuer & Securities

Issuer/ Manager
SANTAK HOLDINGS LIMITED
Securities
SANTAK HOLDINGS LIMITED - SG1J68891147 - 580
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2023 17:57:36
Status
New
Announcement Sub Title
Retirement of Independent Non- Executive Director
Announcement Reference
SG231010OTHRA36X
Submitted By (Co./ Ind. Name)
Lai Foon Kuen
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Non-Executive Director, Chairman of Nominating Committee, member of Audit Committee and Remuneration Committee.

This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Ms Foo Quee Yin, at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271.

Additional Details

Name Of Person
Ch'ng Jit Koon
Age
89
Is effective date of cessation known?
Yes
If yes, please provide the date
26/10/2023
Detailed Reason (s) for cessation
Mr Ch'ng Jit Koon ("Mr Ch'ng") has been serving in the Board of Directors since 2001. He has indicated his intention to retire as Independent Non-Executive Director, Chairman of Nominating Committee, member of Audit Committee and Remuneration Committee upon conclusion of the annual general meeting of the Company to be held on 26 October 2023 to pave way for board refreshment and to devote more time to his other commitments.

After having interviewed Mr Ch'ng and to the best of its knowledge, the Company's Sponsor, Asian Corporate Advisors Pte. Ltd., is satisfied that save as disclosed in the announcement, there are no other material reasons for the retirement of Mr. Ch'ng as the 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
12/03/2001
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chaiman of Nominating Committee, member of Audit Committee and Remuneration Committee
Role and responsibilities
As Independent Non-Executive Director, Chaiman of Nominating Committee, member of Audit Committee and Remuneration Committee
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)
Progen Holdings Limited
Pan-United Corporation Ltd
Present
Mee Toh Foundation Limited