Change - Announcement of Cessation::Cessation as Non-Independent Non-Executive Director (Mr. Chew Liong Kim)

Issuer & Securities

Issuer/ Manager
ZICO HOLDINGS INC.
Securities
ZICO HOLDINGS INC. - MYA007968003 - 40W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
28-Apr-2024 12:57:15
Status
New
Announcement Sub Title
Cessation as Non-Independent Non-Executive Director (Mr. Chew Liong Kim)
Announcement Reference
SG240428OTHR25PL
Submitted By (Co./ Ind. Name)
Datuk Ng Hock Heng
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Chew Liong Kim as the Non-Independent Non-Executive Director of the Company.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Vanessa Ng.
Tel: 6389 3065 Email: vanessa.ng@morganlewis.com

Additional Details

Name Of Person
Mr. Chew Liong Kim
Age
69
Is effective date of cessation known?
Yes
If yes, please provide the date
27/04/2024
Detailed Reason (s) for cessation
Mr. Chew Liong Kim ("Mr. Chew") retired by rotation pursuant to Article 97 of the Company's Constitution and did not seek re-election as a Director at the Company's Annual General Meeting ("AGM") held on 27 April 2024, so as to facilitate the Board rejuvenation and renewal in line with good governance practice and to allow for more time to focus on his other commitments. Accordingly, Mr. Chew will relinquish his positions as member of the Audit and Risk Committee, Remuneration Committee and Nominating Committee.

The Board of Directors express its gratitude and appreciation to Mr. Chew for his invaluable contributions during his tenure as the director of the Company over the past nine years.

Information relating to the re-composition of the Board Committees will be released in a separate announcement.
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
07/08/2014
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
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director
Member of Audit and Risk Committee
Member of Nominating Committee
Member of Remuneration Committee
Role and responsibilities
Non-Independent Non-Executive Director
Member of Audit and Risk Committee
Member of Nominating Committee
Member of Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
2,171,421 ordinary shares
Past (for the last 5 years)
Asean Advisory Pte. Ltd.
Present
ShakeUp Online Sdn Bhd

CLK Advisors

MISC Berhad

Amanat Lebuhraya Rakyat Berhad