Change - Announcement of Cessation::Resignation of Tay Chuan Hui as Non-Executive Chairman and Lead Independent Director

Issuer & Securities

Issuer/ Manager
ANCHOR RESOURCES LIMITED
Securities
ANCHOR RESOURCES LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jan-2021 20:46:00
Status
New
Announcement Sub Title
Resignation of Tay Chuan Hui as Non-Executive Chairman and Lead Independent Director
Announcement Reference
SG210104OTHR2O2K
Submitted By (Co./ Ind. Name)
Low Wee Siong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Anchor Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Tay Chuan Hui
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
19/01/2021
Detailed Reason (s) for cessation
Dr Tay was initially appointed as director of the Company due to his expertise in the gold mining industry. With the completion of the debt restructuring exercise which entails the disposal of Angka Alamjaya Sdn Bhd, Dr Tay is of the view that it is an opportune time to resign as a director to allow the Company to refresh its board to provide fresh input to the Company in any new business that it wish to embark.

The Sponsor, after having interviewed Dr Tay, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Dr Tay as Non-Executive Chairman and 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
18/12/2015
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
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.)
Non-Executive and Lead Independent Director, Chairman of Remuneration Committee, Member of Nominating Committee and Member of Audit Committee
Role and responsibilities
Non-Executive and Lead Independent Director, Chairman of Remuneration Committee, Member of Nominating Committee and Member of Audit Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Harrison Assessment (Malaysia) Sdn Bhd

Omniview Consulting (M) Sdn Bhd

Versalink Holdings Limited
Present
Vistage Malaysia Sdn Bhd

Pancaran Nusantara Sdn Bhd