Change - Announcement of Cessation::Resignation of Independent Director

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
05-Jul-2021 19:18:17
Status
New
Announcement Sub Title
Resignation of Independent Director
Announcement Reference
SG210705OTHR88AX
Submitted By (Co./ Ind. Name)
Kong Wei Fung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Tan Yew Beng as Independent Director of the Company

Additional Details

Name Of Person
Tan Yew Beng
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
05/07/2021
Detailed Reason (s) for cessation
Mr Tan tendered his resignation as Non-Executive Independent Director of the Company on 5 July 2021 for personal reasons. He would like to devote more time to manage his own business amid the current very challenging economic environment. Mr Tan also believes a board renewal is now timely to bring in new perspectives and opportunities that could enhance profitability and create value for shareholders over the long term.
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
22/05/1995
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
8
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Remuneration Committee Chairman, Audit Committee and Nominating Committee member
Role and responsibilities
Roles and responsibilities as Independent Director, Remuneration Committee Chairman, Audit Committee and Nominating Committee member
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: 2,562,500 ordinary shares (representing 0.34% shareholding interest) in Fu Yu Corporation Limited
Past (for the last 5 years)
Other Principal Commitments including directorships:
SA-Koyo Pte Ltd
Locker & Lock Solutions Sdn Bhd
Present
Directorships:
Accord Corporation Pte Ltd
Locker & Lock Pte Ltd
Locker & Lock Solutions Pte Ltd
Locker & Lock Placement Pte Ltd
Accord Corporation (2006) Sdn Bhd
Locker & Lock Sdn Bhd
Locker & Lock Placement Sdn Bhd

Other Principal Commitments:
Joo Chiat Citizens' Consultative Committee
Joo Chiat Inter-Racial & Religious Confidence Circle
Singapore Buddhist Federation
Maha Bodhi School Management Committee
Manjusri Secondary School Management Committee
Singapore Hui Hwa Pugilistic Art Association
Singapore Hui Ann Association
The Association of Nanyang University Graduates
The Tan Lark Sye Professorship in Chinese Language and Culture Advisory Committee, NTU