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

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
18-Apr-2024 17:54:43
Status
New
Announcement Sub Title
Retirement of Non-Independent Non-Executive Director
Announcement Reference
SG240418OTHR7QR4
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Retirement of Ms Chan Lay Hoon ("Ms Chan") as Director of the Company.

Additional Details

Name Of Person
Chan Lay Hoon
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
18/04/2024
Detailed Reason (s) for cessation
Ms Chan has retired as Non-Independent Non-Executive Director of the Company, effective at the conclusion of the Annual General Meeting held on 18 April 2024 and she did not seek re-election.
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
08/03/2019
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of Audit and Risk Management Committee; and Member of Remuneration Committee.
Role and responsibilities
Non-executive
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)
1. KL Health Pte. Ltd.
2. Kestrel Capital Pte. Ltd.
3. McLaren Applied Technologies Pte. Ltd.
4. McLaren Automotive Asia Pte. Ltd.
5. McLaren Group Limited
6. Meriton Capital Limited
7. Meriton Holdings Limited
8. RSP Architects Planners & Engineers (Pte) Ltd
9. RSP Design Consultants (India) Pvt Ltd
10. RSP Holdings Pte Ltd
11. RSP TopCo Pte. Ltd.
12. Sephia Pte. Ltd.
13. Squire Mech Private Limited
14. SPP Innovations Pte Ltd
15. Towerhill Pte. Ltd.
Present
1. Double Click Pte Ltd
2. GG Collections Private Limited
3. Kestrel Investments Pte. Ltd.
4. Plano Pte. Ltd.
5. Project 92 Limited
6. Rowsley Hospitality Holdings Pte. Ltd.
7. Rowsley (HFM) Pte. Ltd.
8. Singapore Olympic Foundation
9. Tenion Pte. Ltd.
10. Venture India Pte. Ltd.
11. Wellington College International Regional Management Pte. Ltd.
12. Valencia Club de Futbol S.A.D.
13. Litoral del Este, S.L.U.
14. Tiendas Oficiales VCF S.L.U.
15. Fundacion Valendia Club de Futbol de la C.V.
16. Valencia Feminas Club de Futbol