Change - Announcement of Cessation::Announcement of Cessation - Retirement of Mr Lim Thean Ee as an Independent Director

Issuer & Securities

Issuer/ Manager
MIYOSHI LIMITED
Securities
MIYOSHI LIMITED - SG1J04885492 - M03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Nov-2021 18:11:18
Status
New
Announcement Sub Title
Announcement of Cessation - Retirement of Mr Lim Thean Ee as an Independent Director
Announcement Reference
SG211105OTHRBNHJ
Submitted By (Co./ Ind. Name)
Sin Kwong Wah Andrew
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Jennifer Tan, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Lim Thean Ee
Age
72
Is effective date of cessation known?
Yes
If yes, please provide the date
30/12/2021
Detailed Reason (s) for cessation
Mr. Lim Thean Ee is due to retire by rotation under Regulation 89 of the Company s Constitution (the Constitution) at the forthcoming Annual General Meeting (AGM) of the Company to be held on 30 December 2021. Due to his health reason, Mr. Lim is not seeking for re-election and will retire as an Independent Director, Chairman of the Board, Remuneration Committee ("RC") and Nominating Committee ("NC") and member of the Audit Committee ("AC") at the conclusion of the upcoming AGM.

After having interviewed Mr. Lim and to the best of its knowledge, the Company's Sponsor, Prime Partners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Lim as an Independent Director of the Company.

The Company is currently assessing suitable candidates to fill the vacancy so as to meet with the requirements of the Catalist Rules on the minimum number of independent directors and members of the Board Committees.
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
09/01/2014
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)
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.)
Chairman of the Board, RC and NC, Non-Executive and Independent Director and member of AC.
Role and responsibilities
Independent Director and chairs the Board
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?
Yes
Shareholding Details
100,000 shares
Past (for the last 5 years)
Nil
Present
1) Costal Engineering Services Pte Ltd
2) Coastal Navigation Pte Ltd
3) Ezion Holdings Limited
4) Yue Hua Food Court Pte Ltd
5) Yue Hua 108 Pte Ltd
6) Yue Hua 118 Pte Ltd
7) Yue Hua Eating House