Change - Announcement of Cessation::Cessation of Independent Director - Choy Bing Choong

Issuer & Securities

Issuer/ Manager
ZHONGMIN BAIHUI RETAIL GROUP LTD.
Securities
ZHONGMIN BAIHUI RETAIL GRP LTD - SG2C76966531 - 5SR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Nov-2023 17:26:14
Status
New
Announcement Sub Title
Cessation of Independent Director - Choy Bing Choong
Announcement Reference
SG231124OTHRNOZL
Submitted By (Co./ Ind. Name)
LEE SWEE KENG
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director - Choy Bing Choong.

Additional Details

Name Of Person
Choy Bing Choong
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
24/11/2023
Detailed Reason (s) for cessation
To focus on work duties upon appointment as the Executive Chairman of Natural Cool Holdings Limited. The Board and the Management of the Group would like to record their sincere appreciation and thanks to Mr. Choy Bing Choong for his invaluable contributions to the Group s development.
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
31/12/2019
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)
2
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.)
Non-Executive Lead Independent Director; Chairman of Audit Committee; Member of Remuneration and Nominating Committee
Role and responsibilities
Non-Executive Lead Independent Director; Chairman of Audit Committee; Member of Remuneration and Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Hoe Leong Corporation Ltd
Present
Hiap Tong Corporation Ltd
Futura Innovations Pte Ltd Natural Cool Holdings Limited