Change - Announcement of Cessation::Resignation of Lead Independent Director
Issuer & Securities
Issuer/ Manager
WORLD PRECISION MACHINERY LIMITED
Securities
WORLD PRECISION MACHINERY LTD - SG1T29930156 - B49
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Dec-2023 16:38:02
Status
New
Announcement Sub Title
Resignation of Lead Independent Director
Announcement Reference
SG231229OTHRQOQX
Submitted By (Co./ Ind. Name)
Shao Jianjun
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Ms Low Mui Kee resigned as the Lead Independent Director of the Company and Chairman of the Audit Committee and members of the Nominating Committee and Remuneration Committee on 28 December 2023.
Additional Details
Name Of Person
Low Mui Kee
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
28/12/2023
Detailed Reason (s) for cessation
Ms Low Mui Kee resigned as the Lead Independent Director of the Company and Chairman of the Audit Committee and members of the Nominating Committee and Remuneration Committee on 28 December 2023 due to personal reasons.
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
01/02/2023
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, chairman of the AC and members of the RC and NC
Role and responsibilities
Duties as the Lead Independent Director, chairman of the AC and members of the RC and NC
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)
Noorvit Pte. Ltd. (struck off)
Present
1. Sage Artelier Pte. Ltd.
2. Kikiwoods Pte. Ltd.
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