Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
JB FOODS LIMITED
Securities
JB FOODS LIMITED - SG1BH1000008 - BEW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Jun-2023 17:36:00
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG230630OTHRB6OH
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)
Please refer to below details.

Additional Details

Name Of Person
Chua Cheow Khoon Michael
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2023
Detailed Reason (s) for cessation
Mr. Chua Cheow Khoon Michael will be stepping down as Lead Independent Director and Chairman in connection with a board renewal process.

The Board would like to take the opportunity to express its appreciation to Mr. Chua Cheow Khoon Michael for his guidance and contributions to the Group in his position as Lead Independent Director and Chairman 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
04/05/2012
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and Chairman
Role and responsibilities
Lead Independent Director and Chairman, Chairman of the Audit Committee and Nominating Committee, and a member of the Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Cogent Holdings Limited
BMD Consulting Pte Ltd
Present
None