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

Issuer & Securities

Issuer/ Manager
RYOBI KISO HOLDINGS LTD.
Securities
RYOBI KISO HOLDINGS LTD. - SG1BF6000007 - BDN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-May-2019 22:47:37
Status
New
Announcement Sub Title
Cessation of Chairman and Non-Executive Director
Announcement Reference
SG190517OTHRZUA9
Submitted By (Co./ Ind. Name)
Goh Thien Phong and Chan Kheng Tek
Designation
Judicial Manager
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Ryobi Kiso Holdings Ltd. (the "Company") wishes to announce the resignation of Mr Lee Yiok Seng @ Lee Geok Seng @ Lee Yok Seng as Chairman and Non-Executive Director with effect from 3 May 2019.

The Board would like to express its appreciation to Mr Lee Yiok Seng for his contributions to the Company during his tenure of office with the Company.

Additional Details

Name Of Person
Lee Yiok Seng @ Lee Geok Seng @ Lee Yok Seng
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
03/05/2019
Detailed Reason (s) for cessation
Pursuant to Section 227G of the Companies Act, during the period which the Judicial Management order is in force, all powers conferred and duties imposed on the directors by the Companies Act or the Constitution of the Company shall be exercised or performed by the Judicial Managers and not by the directors. In view thereof, Mr Lee Yiok Seng @ Lee Geok Seng @ Lee Yok Seng resigned as the Alternate Director of the Company and concurrently relinquished his position in the Board following the Judicial Management order.
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
07/12/2009
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)
0
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 and Non-Executive Director
Role and responsibilities
1. Chairman and Non-Executive Director;
2. Member of Remuneration Committee;
3. Member of Audit Committee; and
4. Member of Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Brother-in-law of Ong Huay Chin who is the sister of Ong Tiong Siew, Ong Teng Choon and Ong Yee Khong.

Uncle of Lee Yan Beng and Lee Changge who are sons of Ong Huay Chin.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please refer to Annex A attached
Present
Please refer to Annex A attached

Attachments

ANNEX A - Lee Yiok Seng.pdf
Total size =35K