Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT AND NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
TUNG LOK RESTAURANTS (2000) LTD
Securities
TUNG LOK RESTAURANTS(2000) LTD - SG1J65890803 - 540
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Jul-2023 00:38:41
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT AND NON-EXECUTIVE DIRECTOR
Announcement Reference
SG230712OTHRQ3Y6
Submitted By (Co./ Ind. Name)
Tjioe Ka Men
Designation
President/Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Tung Lok Restaurants (2000) Ltd (the "Company") wishes to announce that Mr Chee Wai Pong will retire as a Director of the Company at the conclusion of the forthcoming Annual General Meeting to be held on 28 July 2023, as part of the Board renewal process.

Consequent to his retirement, Mr Chee Wai Pong will cease to be an Independent and Non-Executive Director, Chairman of the Remuneration Committee ("RC") and a member of the Audit and Risk Committee ("ARC") as well as Nominating Committee ("NC").

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement 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 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 Ong Hwee Li, SAC Capital Private Limited at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.

Additional Details

Name Of Person
Chee Wai Pong
Age
75
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2023
Detailed Reason (s) for cessation
Mr Chee Wai Pong is retiring as a Director of the Company as part of the board renewal process.

After having interviewed Mr Chee, and to the best of its knowledge, the Company's Sponsor, SAC Capital Private Limited, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Chee as a 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
30/09/2013
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, Chairman of the RC and a member of the ARC as well as NC.
Role and responsibilities
Independent and Non-Executive Director, Chairman of the RC and a member of the ARC as well as NC.
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)
None
Present
- Progen Holdings Limited
- Alternate director to Mr Lee Ee @ Lee Eng of TSKY Balmoral Pte. Ltd.