Change - Announcement of Cessation::CESSATION AS INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
DRAGON GROUP INTL LIMITED
Securities
DRAGON GROUP INTL LIMITED - SG2C50963991 - MT1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Jan-2024 17:07:01
Status
New
Announcement Sub Title
CESSATION AS INDEPENDENT DIRECTOR
Announcement Reference
SG240117OTHRZANH
Submitted By (Co./ Ind. Name)
CHONG MAN SUI
Designation
ACTING CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
The board of directors or the Company wishes to announce the resignation of Dr Kenneth Yu Keung Yum as Independent Director of the Company with effect from 17 January 2024.

Additional Details

Name Of Person
KENNETH YU KEUNG YUM
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
17/01/2024
Detailed Reason (s) for cessation
Dr Kenneth Yu has served more than 10 years as a director of the Company and wants to make room for other able person to guide the company forward.
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
01/03/2010
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.)
Non-executive and Independent Director
Nominating Committee Chairman
Audit and Remuneration Committee member
Role and responsibilities
Non-executive and Independent
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Dragon Group International Limited
Sky Master Corporation Ltd
Advanced Systems Automation Ltd
Envoy1 Technology Corp
EoCell Limited
Present
Sky1 Technology Limited
World Bright Enterprise Limited