Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Wong Wan Chin

Issuer & Securities

Issuer/ Manager
LMS COMPLIANCE LTD.
Securities
LMS COMPLIANCE LTD. - SGXE55274299 - LMS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
07-Apr-2025 21:26:34
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Wong Wan Chin
Announcement Reference
SG250407OTHRTLXW
Submitted By (Co./ Ind. Name)
Ooi Shu Geok
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms. Leong Huey Miin, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Wong Wan Chin
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2025
Detailed Reason (s) for cessation
Ms. Wong Wan Chin ("Ms Wong") will be retiring as an Independent Non-Executive Director of the Company pursuant to Regulation 100 of the Constitution of the Company and will not be seeking re-election as a Director at the upcoming annual general meeting of the Company ("AGM"), to focus on her personal commitments ("Retirement"). Following the Retirement, Ms Wong will also cease to be the Chairman of the Remuneration Committee ("RC") and a member of the Nominating Committee ("NC") upon conclusion of the AGM.

In light of Ms Wong's retirement, the Company is seeking suitable candidates to fill the vacancy. The Company will release an announcement on the updated Board and the respective Board Committee's composition when they have been finalised.

After having interviewed Ms Wong, and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Ms Wong.
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
26/09/2022
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)
1
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.)
Independent Non-Executive Director, Chairman of the Remuneration Committee and member of the Nominating Committee
Role and responsibilities
Assumed the roles and responsibilities of the Independent Non-Executive Director, Chairman of the Remuneration Committee and member of the 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
264,000 shares
Past (for the last 5 years)
1. HHRG Berhad
2. W&L Advisory Sdn. Bhd.
3. Fides Imperium Trustee Berhad
Present
1. Volcano Berhad
2. Iconic Worldwide Berhad
3. Chemlite Innovation Berhad

Other Principal commitments
1. Director at Wong & Loh
2. Director at Polygold Avenue Sdn. Bhd.
3. Director at Mingchin Capital Holdings Sdn. Bhd.