Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
KATRINA GROUP LTD.
Securities
KATRINA GROUP LTD. - SG1DA5000005 - 1A0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Apr-2019 20:32:35
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG190430OTHRXJ11
Submitted By (Co./ Ind. Name)
Wong Siew Chuan
Designation
CFO
Description (Please provide a detailed description of the event in the box below)
Please see the below.

Additional Details

Name Of Person
CHOW WEN KWAN
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2019
Detailed Reason (s) for cessation
Mr Chow, who was due to retire at the Company's Annual General Meeting ("AGM") pursuant to Regulation 117 of the Company's Constitution, did not seek re-election as a Director at the conclusion of the AGM. Upon his retirement, Mr Chow will cease to be Chairman of Remuneration Committee and as a member of the Nominating and Audit Committees.

Based on its enquiries, the Company's Sponsor, Hong Leong Finance Limited, is satisfied that, save as disclosed in this announcement, there are no other material reasons for the retirement of Mr Chow as an Independent Director of Katrina Group Ltd.
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
29/06/2016
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.)
Independent Director, Member of the Audit Committee and Nominating Committee, and Chairman of the Remuneration Committee of the Company.
Role and responsibilities
Independent Director, Member of the Audit Committee and Nominating Committee, and Chairman of the Remuneration Committee of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N/A
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Ley Choon Group Holdings Limited
Rich Capital Holdings Limited
Zhongxin Fruit and Juice Limited
SMJ International Holdings Ltd.
Present
Hafary Holdings Limited
IAG Holdings Limited
Versalink Holdings Limited
Valuemax Group Limited