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

Issuer & Securities

Issuer/ Manager
KIM HENG LTD.
Securities
KIM HENG LTD. - SG2G57000009 - 5G2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Aug-2022 19:24:03
Status
New
Announcement Sub Title
Cessation of Non-Executive Director
Announcement Reference
SG220816OTHR64G8
Submitted By (Co./ Ind. Name)
Tan Keng Siong Thomas
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
Cessation of Non-Executive Director

This announcement has been reviewed by the Company's sponsor ( Sponsor ), SAC Capital Private Limited. 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. Lee Khai Yinn (telephone (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Tan Chow Boon
Age
63
Is effective date of cessation known?
Yes
If yes, please provide the date
31/08/2022
Detailed Reason (s) for cessation
Representing Credence Capital Fund II (Cayman) Limited which has divested their interests in Kim Heng Ltd in June 2022.

After having interviewed Mr Tan 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 Tan 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
26/12/2013
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director, Member of Audit and Risk Committee, Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Executive Director
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)
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Nestronics Pte. Ltd.
Xenon Technologies Pte. Ltd.
Youthworks Ltd.
Zimplistic Private Limited
Fassler Gourmet Pte Ltd
Present
Senseye, Inc.
Credence Capital Fund (Cayman) Limited
Credence Capital Fund II (Cayman) Limited
Anker Holdings Private Limited
Altara Ventures Pte.Ltd.
Altara Ventures GP Limited
20Cube Logistics Pte. Ltd.
Our Daily Bread Ministries Asia Ltd
FaithActs