Change - Announcement of Cessation::Cessation of Independent Non-Executive Director at Annual General Meeting

Issuer & Securities

Issuer/ Manager
HAFARY HOLDINGS LIMITED
Securities
HAFARY HOLDINGS LIMITED - SG2F75992345 - 5VS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Apr-2024 02:06:39
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director at Annual General Meeting
Announcement Reference
SG240403OTHR1UXB
Submitted By (Co./ Ind. Name)
Tay Eng Kiat Jackson
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Terrance Tan Kong Hwa as an Independent Non-Executive Director after the conclusion of the Annual General Meeting.

Additional Details

Name Of Person
Terrance Tan Kong Hwa
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Mr Terrance Tan Kong Hwa ("Terrance Tan") has served as Independent Director of the Company beyond nine years from the date of his first appointment. In compliance with the amended Listing Rule 210(5)(d)(iv), which imposed a hard tenure limit for independent directors of nine years, beyond which such directors will no longer be considered independent. Terrance Tan will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting.
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
10/11/2009
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and member of Audit Committee and Remuneration Committee.
Role and responsibilities
Duties as an Independent Director, Chairman of the Nominating Committee and member of Audit Committee and Remuneration Committee on which he has served.
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
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