Change - Announcement of Cessation::RETIREMENT OF MR LOH WENG WHYE AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY

Issuer & Securities

Issuer/ Manager
BH GLOBAL CORPORATION LIMITED
Securities
BH GLOBAL CORPORATION LIMITED - SG1CF8000003 - BQN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Apr-2024 17:39:19
Status
New
Announcement Sub Title
RETIREMENT OF MR LOH WENG WHYE AS LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY
Announcement Reference
SG240415OTHRPA6O
Submitted By (Co./ Ind. Name)
VINCENT LIM HUI ENG
Designation
EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
Retirement of Lead Independent Non-Executive Director - Mr Loh Weng Whye

Additional Details

Name Of Person
LOH WENG WHYE
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr Loh Weng Whye ("Mr Loh") has served as Independent Director of the Company beyond nine (9) years from the date of his first appointment. In compliance with the amended SGX-ST Listing Rule 210(5)(d)(iv), which prescribed a nine-year tenure limit for independent directors, Mr Loh will be stepping down as Independent Director of the Company upon the conclusion of the forthcoming Annual General Meeting on 30 April 2024. Mr Loh will also be relinquishing his positions as Lead Independent Director, Chairman of the Remuneration Committee, member of the Audit Committee and Nominating Committee.
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
03/08/2005
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
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1) Lead Independent Non-Executive Director
2) Chairman of the Remuneration Committee
3) Member of the Audit Committee and Nominating Committee
Role and responsibilities
Carry out the responsibilities of a Lead Independent Director, Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee.
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?
Yes
Shareholding Details
Direct Interest: 135,000
Past (for the last 5 years)
i) Hatten Land Limited
ii) Layar Positif Sdn Bhd
Present
i) Kwang Wai Shiu Hospital Limited
ii) Moral Home for The Aged Sick Limited
iii) Kwang Wai Shiu Hospital Foundation
iv) YangZheng Foundation
v) Society of Engineers for Community Services
vi) Vastvest International Pte Limited