Change - Announcement of Cessation::Resignation of Lead Independent Director

Issuer & Securities

Issuer/ Manager
FORISE INTERNATIONAL LIMITED
Securities
FORISE INTERNATIONAL LIMITED - SG1Y70948001 - I5H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jul-2019 17:43:21
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG190722OTHRCVPD
Submitted By (Co./ Ind. Name)
Peng Weile
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Lead Independent Director

Additional Details

Name Of Person
Christopher Chong Meng Tak
Age
61
Is effective date of cessation known?
No
If No, please advise when the date will be announced
the later date of either (i) 15 August 2019 or (ii) the date the Company releases its 2Q 2019 Results
Detailed Reason (s) for cessation
Forise International Limited has received notice that Mr. Christopher Chong wishes to step down due to health and personal reasons. However, and due to the imminent release of the Company's results for the second quarter ended 30 June 2019 ("2Q 2019 Results"), the Company has requested Mr. Chong to remain on the Board until the results are released as a show of confidence in the Company. Mr. Chong has agreed that his effective resignation date ("Effective Date") will be the later date of either (i) 15 August 2019 or (ii) the date the Company releases its 2Q 2019 Results.

Following the aforesaid cessation, Mr. Chong will relinquish his position as the Chairman of the Audit Committee and member of the Nominating and Remuneration Committee of the Company, but will act as a consultant to the Company until the new Audit Committee Chairman be appointed.

The Company expresses its gratitude to Mr. Chong for his valuable contributions during his tenure of service.
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
19/08/2015
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director and Chairman of Audit Committee and member of Nominating and Remuneration Committee
Role and responsibilities
Non-executive, Lead Independent Director and Chairman of Audit Committee and member of Nominating and 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?
No
Past (for the last 5 years)
Koda Ltd
Lorenzo Ltd
Koon Holdings Ltd
Lehat Holdings Pty Ltd
Yingli International Real Estate Ltd
Singapore O&G Ltd
Matrix Management Group Pty Ltd
Emerging Towns & Cities Singapore Ltd
Present
GLG Corp Ltd
ASL Marine Holdings Ltd
Forise International Limited
ACH Investments Pte Ltd
Tian-An Pty Ltd
Paromay Ltd
Jumplus Holdings Ltd
Radiant Merit Investments Ltd
ACH Distribution Pte Ltd
AT & S Pte Ltd
KS Resources Pte Ltd
SSH Corporation Pte Ltd
Indo Synergy Pte Ltd
KS Flow Control Pte Ltd
Globaltech Offshore & Marine Pte Ltd
Aqua-Terra Supply Co. Limited
Aqua-Terra Oilfield Equipment & Services Pte Ltd
Aqua-Terra Logistics Pte Ltd
Oceanic Offshore Engineering Pte Ltd
KS Marihub Pte Ltd
Orient Marine Pte Ltd
Raymonds Supply Company Limited
KS Distribution Malaysia Sdn Bhd