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

Issuer & Securities

Issuer/ Manager
H2G GREEN LIMITED
Securities
H2G GREEN LIMITED - SG1I98885227 - 5AI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-May-2024 06:44:38
Status
New
Announcement Sub Title
Resignation of Non-Executive Chairman and Independent Director
Announcement Reference
SG240506OTHRVP6E
Submitted By (Co./ Ind. Name)
Lim Shao-Lin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Executive Chairman and Independent Director - Mr Tay Shui Wen

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("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 Mr Joseph Au - Registered Professional, 36 Robinson Road, #10-06 City House, Singapore 068877, sponsor@rhtgoc.com.

Additional Details

Name Of Person
Tay Shui Wen
Age
43
Is effective date of cessation known?
Yes
If yes, please provide the date
08/05/2024
Detailed Reason (s) for cessation
The Board agreed to accept Mr Tay Shui Wen's ("Mr Tay") resignation as Non-Executive Chairman and Independent Director of the Company with effect from 8 May 2024 to focus on his existing work commitment and other personal commitments.

Following Mr Tay's resignation, he will also relinquish his position as Chairman of the Remuneration Committee, and Member of the Audit Committee and Nominating Committee of the Company with effect from 8 May 2024. As a result, the number of members in each of the Audit Committee, Nominating Committee, and Remuneration Committee will fall below the required minimum number of 3 members. The Company is currently reviewing the composition of the Board of Directors and its Committees and will update the shareholders in due course. The Company will endeavour to fill the vacancy within 2 months, but in any case, no later than 3 months.

Based on its enquiries and to the best of its knowledge, the Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr Tay as an Independent Director of the Company.
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
25/05/2022
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)
2
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.)
1.Non-Executive Chairman and Independent Director
2.Chairman of Remuneration Committee
3.Member of Audit Committee
4.Member of Nominating 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?
No
Past (for the last 5 years)
Nil
Present
Nil