Change - Announcement of Cessation::Resignation of Mr Lui Pang Hung as an Independent Director

Issuer & Securities

Issuer/ Manager
WILTON RESOURCES CORPORATION LIMITED
Securities
WILTON RESOURCES CORP LIMITED - SG2G45999965 - 5F7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2024 23:43:14
Status
New
Announcement Sub Title
Resignation of Mr Lui Pang Hung as an Independent Director
Announcement Reference
SG240930OTHR2VHJ
Submitted By (Co./ Ind. Name)
Chin Yee Seng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lui Pang Hung as an Independent Director of the Company upon the conclusion of the forthcoming Annual General Meeting of the Company.

This announcement has been prepared by Wilton Resources Corporation Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Name Of Person
Lui Pang Hung
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
17/10/2024
Detailed Reason (s) for cessation
Mr Lui Pang Hung ("Mr Lui") has resigned and will step down as an Independent Director of the Company upon the conclusion of the Company's forthcoming Annual General Meeting to be held on 17 October 2024, due to current and impending work commitments and to facilitate renewal of the Board in view of the retirements of the other Independent Directors of the Company.

Upon Mr Lui's resignation, he will cease to be the Chairman of the Remuneration Committee, and a member of the Audit Committee and the Nominating Committee.

The Sponsor, after having interviewed Mr Lui, is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr Lui as a Director of the Company.
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
01/09/2021
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)
0
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and the Nominating Committee.
Role and responsibilities
Assumed the roles and responsibilities of an Independent Director, Chairman of the Remuneration Committee, and a member of the Audit 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
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
IPC Corporation Ltd