Change - Announcement of Cessation::Cessation of Independent Non-Executive 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
30-Nov-2018 17:14:53
Status
New
Announcement Sub Title
Cessation of Independent Non-Executive Director
Announcement Reference
SG181130OTHR6TQ4
Submitted By (Co./ Ind. Name)
CHUA ENG ENG
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Resignation of Independent Non-Executive Director - Lim Hock Beng

Additional Details

Name Of Person
Lim Hock Beng
Age
78
Is effective date of cessation known?
Yes
If yes, please provide the date
30/11/2018
Detailed Reason (s) for cessation
Mr Lim has decided to retire and step down from his position as the Lead Independent Director, Chairman of the Audit Committee and member of Nominating and Remuneration Committees.
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
28/07/2016
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)
TA Corporation Ltd
Present
Huan Hsin Holdings Ltd
GP Industries Ltd
Colex Holdings Limited
Hokuriku (Singapore) Pte Ltd
Aries Investments Pte Ltd