Change - Announcement of Cessation::Resignation of Chan Koon Mong as Executive Director

Issuer & Securities

Issuer/ Manager
ANCHOR RESOURCES LIMITED
Securities
ANCHOR RESOURCES LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Jan-2021 20:46:09
Status
New
Announcement Sub Title
Resignation of Chan Koon Mong as Executive Director
Announcement Reference
SG210104OTHR5825
Submitted By (Co./ Ind. Name)
Low Wee Siong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Anchor Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Name Of Person
Chan Koon Mong
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
19/01/2021
Detailed Reason (s) for cessation
With the completion of debt restructuring and the disposal of Angka Alamjaya Sdn Bhd, Mr Chan is of the view that it is an opportune time to step down as the Executive Director and facilitate the refreshment of the new board to take the Company forward.

The Sponsor, after having interviewed Mr Chan, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Mr Chan as Executive 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
12/08/2015
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Undertake and discharge duties in relation to the Company and its business as the Board may assign.
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?
Yes
Shareholding Details
Direct interest: 3,496,625 shares

Deemed interest: 1,597,222 shares
Past (for the last 5 years)
Everest Hospitality Pte Ltd
Present
Angka Marketing Pte Ltd (Angka Marketing Pte Ltd is a wholly owned subsidiary of Anchor Resources Ltd.
Chan Koon Mong will also be stepping down concurrently with the cessation)