Change - Announcement of Cessation::CESSATION OF EXECUTIVE DIRECTOR

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
29-Jul-2021 17:56:06
Status
New
Announcement Sub Title
CESSATION OF EXECUTIVE DIRECTOR
Announcement Reference
SG210729OTHRKO3H
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 Executive Director

Additional Details

Name Of Person
ANDREW LIM KOK-KIN
Age
57
Is effective date of cessation known?
Yes
If yes, please provide the date
29/07/2021
Detailed Reason (s) for cessation
Mr Andrew Lim Kok-Kin, who is retiring pursuant to Regulation 104 of the Company's Constitution, intends to retire as Executive Director of Zhongmin Baihui Retail Group Ltd. (the "Company") to allow for the progressive renewal of the Board pursuant to the corporate governance principles and will not be seeking re-election at the Annual General Meeting of the Company held on 29 July 2021. Mr Andrew Lim Kok-Kin will however remain as a member of the Company's management team.

The Board and the Management of the Group would like to record their sincere appreciation and thanks to Mr Andrew Lim Kok-Kin 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
01/01/2012
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)
3
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.)
Executive Director and a member of Nominating Committee
Role and responsibilities
Executive Director and a member of 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?
Yes
Shareholding Details
Direct interest in 892,900 shares of Zhongmin Baihui Retail Group Ltd.
Past (for the last 5 years)
None
Present
None