Change - Announcement of Cessation::Resignation of Vice Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Mar-2021 17:44:22
Status
New
Announcement Sub Title
Resignation of Vice Chairman and Executive Director
Announcement Reference
SG210331OTHR4IM5
Submitted By (Co./ Ind. Name)
Kong Wei Fung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Choo Boon Tiong as Vice Chairman and Executive Director

Additional Details

Name Of Person
Choo Boon Tiong
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
31/03/2021
Detailed Reason (s) for cessation
Mr. Choo has tendered his resignation for personal reasons. His cessation as a Director will take effect on 31 March 2021. His executive responsibilities will be taken over by Mr. Elson Hew (Chief Executive Officer) and Mr. David Seow (Executive Director) with immediate effect, and Mr. Choo will facilitate the handover while on garden leave until 30 June 2021.
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
18/01/2021
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)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice Chairman and Executive Director
Role and responsibilities
Responsible for the overall strategy, direction and development of the Group, development/integration of the Group across the value chain including optimising feedstock procurement through organic and inorganic means.
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)
Pacific Radiance Ltd.
Goldbell Corporation Pte. Ltd.
Personnel Link JobHub Pte. Ltd.
Karios Food Resources Pte. Ltd.
Light10 Industries Pte. Ltd.
Goldbell Financial Services Pte. Ltd.

Other principal commitments:
Pilgrim Private Debt Fund
Present
Kyra Capital Pte, Ltd.
Solve Education Foundation Ltd. (a non-profit organisation)
Cynosure Corporate Services Pte. Ltd.
Konundra Business Advisory Pte. Ltd.
Tiro Consulting Services Pte Ltd