Change - Announcement of Cessation::Retirement of Independent Non-Executive Director - Mr Kan Yut Keong

Issuer & Securities

Issuer/ Manager
PROPNEX LIMITED
Securities
PROPNEX LIMITED - SGXE65086469 - OYY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
02-Apr-2026 07:30:57
Status
New
Announcement Sub Title
Retirement of Independent Non-Executive Director - Mr Kan Yut Keong
Announcement Reference
SG260402OTHR7JFN
Submitted By (Co./ Ind. Name)
Lee Li Huang
Designation
Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Kan Yut Keong ("Mr Kan") as Independent Non-Executive Director of the Company

Additional Details

Name of person
Kan Yut Keong
Age
70
Is effective date of cessation known?
Yes
If yes, please provide the date.
23/04/2026
Detailed reason(s) for cessation
Mr Kan has served on the Board for 7 years and 10 months since his appointment as an Independent Director of the Company on 13 June 2018. As part of the Board renewal plan, Mr Kan will not be seeking for re-election at the forthcoming Annual General Meeting to be held on 23 April 2026 ("AGM"). He will accordingly retire as an Independent Director of the Company upon conclusion of the AGM. Concurrently, Mr Kan will also cease as the Chairman of Audit Committee and member of the Remuneration and Nominating Committees on 23 April 2026.

The Board would like to express its heartfelt gratitude towards Mr Kan for his invaluable contributions to the Company 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?
No
Date of appointment to current position
13/06/2018
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the Audit Committee and member of the Remuneration and Nominating Committees
Role and responsibilities
Roles and responsibilities as Independent Director, Chairman of the Audit Committee and member of the Remuneration and
Nominating Committees
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
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
2
Shareholding interest in the listed issuer and its subsidiaries
No
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Other Directorships
Past (for the last 5 years)
Directorships
- Nam Cheong Limited
- Cornerstone Advisors Pte. Ltd.

Other Principal Commitments
- Competition & Consumer Commission of Singapore
- Securities Industry Council of Singapore
Present
Directorships
- Yick Cheong Kedai Emas Sdn. Bhd.
- Yee Cheong Kedai Emas Sdn. Bhd.

Other Principal Commitments
- Nil