Change - Announcement of Cessation::Resignation of Independent Director
Issuer & Securities
Y VENTURES GROUP LTD.
Y VENTURES GROUP LTD. - SG1DH7000008 - 1F1
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Resignation of Independent Director
Submitted By (Co./ Ind. Name)
Lew Chern Yong
Executive Chairman and Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Goh Cher Shua as Independent Director of the Company.
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"). The Sponsor has not independently verified the contents of this announcement.
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, email@example.com
Name Of Person
Goh Cher Shua
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Goh Cher Shua ("Mr Goh") has decided to pursue personal interests in his retirement and therefore has tendered his resignation as an Independent Director of the Company on 30 July 2021. The Board of Directors of the Company (the "Board") noted and accepted his resignation and agreed that the effective date of his cessation as an Independent Director of the Company be 15 August 2021. The Board is satisfied with Mr Goh's reasons for resignation.
Following Mr Goh's resignation as an Independent Director of the Company, he will also relinquish his position as Chairman of the Audit Committee and member of the Nominating and Remuneration Committees of the Company.
Based on its enquiries, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement of cessation, there are no other material reasons for the resignation of Mr Goh as 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?
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.)
1. Independent Director
2. Audit Committee Chairman
3. Nominating Committee Member
4. Remuneration Committee Member
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)
Global B2B Pte. Ltd.