Change - Announcement of Cessation::Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
KING WAN CORPORATION LIMITED
Securities
KING WAN CORPORATION LIMITED - SG1J32888328 - 554
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jul-2016 17:36:56
Status
New
Announcement Sub Title
Cessation of Independent Director
Announcement Reference
SG160729OTHRRQH5
Submitted By (Co./ Ind. Name)
Chua Eng Eng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to details below.

Additional Details

Name Of Person
Lim Hock Beng
Age
76
Is effective date of cessation known?
Yes
If yes, please provide the date
28/07/2016
Detailed Reason (s) for cessation
At the 2015 Annual General Meeting (AGM) of the Company held on 30 July 2015, Mr Lim Hock Beng was re-appointed as a director pursuant to Section 153(6) of the Companies Act, Cap. 50 (repealed when Phase 2 of the Companies (Amendment) Act 2014 came into effect on 3 January 2016). Accordingly, Mr Lim Hock Beng vacated his office on the day of the Company's AGM on 28 July 2016.
Mr Lim Hock Beng has expressed his consent to be appointed as a director of the company and continue his role as Chairman of the Audit Committee, Lead Independent Director and member of the Remuneration Committee and the 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?
Yes
If Yes, Please provide full details
Mr Lim Hock Beng has expressed his consent to be appointed as a director of the company and continue his role as Chairman of the Audit Committee, Lead Independent Director and member of the Remuneration Committee and the Nominating Committee.
Date of Appointment to current position
22/06/2001
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.)
Chairman of the Audit Committee, Lead Independent Director and member of the Remuneration Committee and the Nominating Committee
Role and responsibilities
Chairman of the Audit Committee, Lead Independent Director and member of the Remuneration Committee and the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
N.A.
Present
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