Change - Announcement of Cessation::Cessation of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
VALUEMAX GROUP LIMITED
Securities
VALUEMAX GROUP LIMITED - SG2G29997704 - T6I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Dec-2021 17:31:04
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG211230OTHRGXID
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Non-Executive Director

Additional Details

Name Of Person
Lim Tong Lee
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
31/12/2021
Detailed Reason (s) for cessation
Mr Lim Tong Lee will have served as an Independent Non-Executive Director of the Company for nine years in 2022 and is stepping down in compliance with the recommendations of the Code of Corporate Governance 2018. Consequent upon his cessation as an Independent Non-Executive Director of the Company, he will cease as Chairman of the Audit Committee and as a Member of the Nominating and Remuneration Committees.
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
27/09/2013
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Role and responsibilities
Member of the Board, Chairman of the Audit Committee, and Member of the Nominating and Remuneration Committees
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?
No
Past (for the last 5 years)
Nil
Present
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