Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
NO SIGNBOARD HOLDINGS LTD
Securities
NO SIGNBOARD HOLDINGS LTD. - SG1EA9000009 - 1G6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Sep-2020 22:40:43
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG200923OTHRVPDG
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd., 9 Raffles Place, #29-01, Republic Plaza Tower 1, Singapore 048619, telephone (65) 6381 6966.

Additional Details

Name Of Person
Khua Kian Kheng Ivan
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
23/09/2020
Detailed Reason (s) for cessation
Mr Khua Kian Kheng Ivan ("Mr Khua") is resigning due to his current and future business and other commitments, which may be difficult for him in the future to devote the time and commitment required as an independent director of the Company.

The Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") conducted an exit interview with Mr Khua and is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation of Mr Khua as the Lead Independent Director, Chairman of the Remuneration Committee and member of Audit Committee and Nominating Committee.
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
06/11/2017
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)
2
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.)
Lead Independent Director, Chairman of the Remuneration Committee and member of Audit Committee and Nominating Committee.
Role and responsibilities
Roles and responsibilities of Lead Independent Director, Chairman of the Remuneration Committee and member of Audit Committee and Nominating 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?
Yes
Shareholding Details
100,000 shares held through a nominee
Past (for the last 5 years)
HL Energy Limited (struck-off)
Guan Yu Holdings Pte Ltd (struck-off)
Present
Touchstone Hock Leong Financial Group Holdings Limited
Hock Leong Private Limited
Hock Leong Holdings (Private) Limited
Synetcom International Pte. Ltd.
Tuanle Corporation Pte. Ltd.
Touchstone HL Capital Pte. Ltd.
KSH Holdings Limited
MoneyMax Financial Services Ltd.
Blue Sky Power (Singapore) Pte Limited
Centennial Harvest Limited