Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
CHINA YUANBANG PROP HLDGS LTD
Securities
CHINA YUANBANG PROP HLDGS LTD - BMG2159Z2094 - BCD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
11-Sep-2023 17:25:48
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG230911OTHRXSWO
Submitted By (Co./ Ind. Name)
Huang Tak Wai
Designation
Chief Financial Officer I Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Director.

Additional Details

Name Of Person
Chong Soo Hoon Sean
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
11/09/2023
Detailed Reason (s) for cessation
In anticipating of the 9-years tenure limit for independent director, Mr Chong hereby resign as an independent non-executive director of the Company to facilitate the process of board renewal.

The Board of Directors of China Yuanbang Property Holdings Limited (the "Company") wishes to take this opportunity to express its appreciation to Mr Chong for his dedication and invaluable contribution to the Company during his tenure.
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
13/03/2015
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)
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.)
Independent Director, Chairman of Nominating Committee, member of Audit 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
Past (for the last 5 years)
1. Healthbank Holdings Limited
Present
1. Anda Capital Solutions Pte. Ltd.
2. Omnisense Systems Pte Ltd
3. Rich Capital Holdings Ltd.
4. TNT Global Capital Pte. Ltd.