Change - Announcement of Cessation::Resignation of Director

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2022 21:13:53
Status
New
Announcement Sub Title
Resignation of Director
Announcement Reference
SG221230OTHRIGEN
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Loh Chen Peng ("Mr Loh") as Director of the Company.

Additional Details

Name Of Person
Loh Chen Peng
Age
68
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2023
Detailed Reason (s) for cessation
Mr Loh is stepping down from the position of Director as he is unable to devote sufficient time to the Company in view of his other commitments.
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
09/11/2019
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
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 Nominating Committee, Member of Audit and Risk Management Committee; and 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
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
1. Bermaz Auto Berhad
2. Tropicana Corporation Berhad
3. Reverse Mortgage Sdn Bhd
4. Seed2Tree Sdn Bhd
5. 3Cnergy Limited
Present
1. Juara Sergap Sdn Bhd