Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
LEY CHOON GROUP HOLDINGS LIMITED
Securities
LEY CHOON GROUP HLDG LIMITED - SG2F02983607 - Q0X
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Aug-2024 18:40:22
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG240823OTHR1A3E
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Chia Soon Hin William ("Mr Chia") as Independent Director of the Company.

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor" ). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange" ) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the sponsor is Mr. Khong Choun Mun at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Name Of Person
Chia Soon Hin William
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
02/09/2024
Detailed Reason (s) for cessation
To comply with Rule 406(3)(d)(iv) of the Listing Manual Section B: Rules of Catalist and to facilitate the renewal of the Board, Mr Chia will be stepping down as an Independent Director of the Company. He will concurrently relinquish his positions as Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee respectively.

After having interviewed Mr Chia and to the best of its knowledge, the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Chia as an Independent Director.
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
28/09/2015
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and Member of the Nominating Committee and Audit Committee.
Role and responsibilities
Non-Executive
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?
No
Past (for the last 5 years)
Independent Director, H2G Green Limited (f.k.a. P5 Capital Holdings Ltd)

Independent Director, Sincap Group Limited
Present
Independent Non-Executive Chairman, Asiatic Group (Holdings) Ltd

Director, Xie Capital Pte Ltd

Director, Mitsuba Japanese Restaurant Pte Ltd

Director, Mitsuba International Pte Ltd

Director, Rapusodi Pte Ltd