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

Issuer & Securities

Issuer/ Manager
AF GLOBAL LIMITED
Securities
AF GLOBAL LIMITED - SG1C01001033 - L38
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Nov-2023 19:08:55
Status
New
Announcement Sub Title
Cessation of an Independent Director
Announcement Reference
SG231110OTHRI20P
Submitted By (Co./ Ind. Name)
Lim Swee Ann
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of AF Global Limited (the "Company") would like to announce the cessation of Mr Woo Peng Kong as an Independent Director, as part of the Board renewal process pursuant to Rule 210(5)(d)(iii) of the Listing Manual of the Singapore Exchange Securities Trading Limited, as well as due to his advancing age.

The Board express its appreciation to Mr Woo Peng Kong for his dedication and invaluable contribution during his tenure of service.

Additional Details

Name Of Person
Woo Peng Kong
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
10/11/2023
Detailed Reason (s) for cessation
Mr Woo Peng Kong has served as an Independent Director of the Company for 8 years and pursuant to Rule 210(5)(d)(iii) of the Listing Manual, has decided to step-down as an Independent 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
02/04/2015
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Role and responsibilities
Lead Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Global Dragon Limited
Present
N.A.