Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED
Securities
CHINA KUNDA TECH HOLDINGS LTD - SG1X41941300 - GU5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Dec-2023 18:18:27
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG231219OTHRZ2LQ
Submitted By (Co./ Ind. Name)
Cai Kaoqun
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Independent Director

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

The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Lim Yit Keong
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2023
Detailed Reason (s) for cessation
Mr. Lim, who has served on the Board for more than 9 years, retires to facilitate Board renewal.

Other than as disclosed in this announcement, there are no other reasons for the cessation of Mr. Lim as an Independent Director of the Company.

Following the aforesaid cessation, Mr. Lim has also relinquished his position as the Chairman of Nominating Committee and a member of the Audit and Remuneration Committees of the Company.

After having interviewed Mr. Lim and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Lim as an Independent Director of the Company.

The Company expresses its gratitude to Mr. Lim for his valuable contribution 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?
Yes
If Yes, Please provide full details
Yes. Following the resignation of Mr. Lim, the number of members in the Audit, Nominating and Remuneration Committees has fallen below three (3). The Company is currently looking for a suitable candidate to replace Mr, Lim to ensure the fulfilment of requirements under the Catalist Listing Rules and the Code of Corporate Governance.
Date of Appointment to current position
18/06/2008
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee

Role and responsibilities
Non-executive. Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee
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
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