Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ICP LTD.
Securities
ICP LTD - SG2G87000003 - 5I4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Oct-2024 17:34:47
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG241015OTHRVFSR
Submitted By (Co./ Ind. Name)
Ong Min'er
Designation
Financial Controller
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the SGX-ST.

This announcement has not been examined or approved by 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:-

Name: Mr. Khong Choun Mun (Registered Professional, RHT Capital Pte. Ltd.)
Address: 36 Robinson Road, #10-06 City House, Singapore 068877
Email: sponsor@rhtgoc.com

Additional Details

Name Of Person
Tan Kok Hiang
Age
74
Is effective date of cessation known?
Yes
If yes, please provide the date
30/10/2024
Detailed Reason (s) for cessation
Pursuant to Regulation 109 of the Company s Constitution, Mr. Tan Kok Hiang ("Mr. Tan") is due for re-election by rotation at the forthcoming Annual General Meeting ("AGM") of the Company to be held on 30 October 2024 at 11:00 am. He will not be seeking re-election and will retain office until the conclusion of the forthcoming AGM as part of the Board renewal process. Accordingly, he will retire as an Independent Director of the Company and step down as the Non-Executive Chairman of the Board and Audit Committee, and Member of Nominating Committee and Remuneration Committee respectively to comply with the Catalist Rule 406(3)(d)(iv).

After having interviewed Mr. Tan and to the best of its knowledge, the Company s Sponsor, RHT Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr.Tan as Non-Executive Chairman and Independent Director of the Company.

The Nominating Committee is in the midst of sourcing for a suitable candidate to fill the vacancy so as to endeavour to fulfil the requirement of the Catalist Rule 704(7) and/or the Code of Corporate Governance, for the Audit Committees to have a minimum of 3 members within two months, but in any case no later than three months.

The Company will update shareholders and make the announcement accordingly on any changes to the Board and Board Committees' composition in due course following the appointment of a suitable candidate.
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
02/03/2012
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
- Chairman of the Board
- Independent Director
- Chairman of Audit Committee
- Member of Nominating Committee
- Member of Remuneration Committee
Role and responsibilities
Non-Executive
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
Listed Issuer: 800,000 ordinary shares (direct interest)
Past (for the last 5 years)
Public Listed Company:
1. Enviro-Hub Holdings Ltd.
2. LHT Holdings Limited

Private Company:
1. Dragafi Asia Pacific Pte. Ltd.
2. Palprints Pte. Ltd. (Struck off)
3. Printer Supplies Pte. Ltd. (Struck off)
4. I-Cut Pte. Ltd. (Struck off)
5. Fei Long Resources Pte. Ltd. (Struck off)
6. Ultima Investment Holding Pte. Ltd. (Struck off)
7. Cairnhill Capital Partners Pte. Ltd. (Struck off)
Present
Public Listed Company:
1. Abundante Limited

Private Company:
1. Pacific Traders Private Limited
2. Fullmark Pte. Ltd.
3. Navisteps Pte. Ltd.
4. Kwong Joo Kongsi
5. State Grid International Singapore Private Limited