Change - Announcement of Cessation::Resignation of Chief Executive Officer of UPP Pulp & Paper (M) Sdn. Bhd.

Issuer & Securities

Issuer/ Manager
AVARGA LIMITED
Securities
AVARGA LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
30-Sep-2022 17:19:51
Status
New
Announcement Sub Title
Resignation of Chief Executive Officer of UPP Pulp & Paper (M) Sdn. Bhd.
Announcement Reference
SG220930OTHR09H9
Submitted By (Co./ Ind. Name)
Tong Ian
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Lim Gooi Hwa ("Mr Lim") as Chief Executive Officer ("CEO") of UPP Pulp & Paper (M) Sdn. Bhd., a wholly owned subsidiary of the Company ("UPP").

Additional Details

Name Of Person
Lim Gooi Hwa
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2022
Detailed Reason (s) for cessation
To pursue personal interests.
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
03/01/2022
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.)
Chief Executive Officer of UPP Pulp & Paper (M) Sdn. Bhd., a wholly owned subsidiary of the Company ("UPP").
Role and responsibilities
Overall responsibility for the Company's paper manufacturing business in Malaysia, including leadership, management, financial and operational performance; strategic planning and direction.
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
Other Directorships
Past (for the last 5 years)
- IDS Medical Systems Vietnam Ltd.
- IDSMed Global Services Pte. Ltd.
Present
Nil