Change - Announcement of Cessation::Resignation of Lead Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED
Securities
CHINA KUNDA TECH HOLDINGS LTD - SG1X41941300 - GU5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
15-Jul-2024 17:45:49
Status
New
Announcement Sub Title
Resignation of Lead Independent Non-Executive Director
Announcement Reference
SG240715OTHRQT6N
Submitted By (Co./ Ind. Name)
Cai Kaoqun
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Hau Khee Wee ("Mr. Hau") as Lead Independent Non-Executive Director of the Company at the conclusion of the Annual General Meeting to be held on 30 July 2024 ("AGM").

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Name Of Person
Hau Khee Wee
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
30/07/2024
Detailed Reason (s) for cessation
The amended Catalist Rule 406(3)(iv) imposes a hard tenure limit for independent directors of nine years, beyond which such directors will no longer be considered independent.

Mr. Hau has served on the Board for more than 9 years from the date of his first appointment. In the spirit of good corporate governance and to facilitate Board renewal, Mr. Hau will be stepping down as the Lead Independent Non-Executive Director of the Company upon the conclusion of the forthcoming AGM.

Following the aforesaid cessation, Mr. Hau will relinquish his position as the Chairman of Audit Committee ("AC") and a member of the Nominating and Remuneration Committees of the Company.

The Sponsor, after having interviewed Mr. Hau and to the best of its knowledge, is satisfied that, other than as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Hau as Lead Independent Non-Executive Director of the Company.

The Company would like to express its gratitude to Mr. Hau for his valuable contribution during his tenure of service.
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
01/12/2017
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
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director, Chairman of the AC and a member of the Nominating Committee ("NC") and Remuneration Committee ("RC")
Role and responsibilities
Assumed role and responsibilities as Lead Independent Non-Executive Director, Chairman of the AC and member of the NC and RC.
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?
Yes
Shareholding Details
Yes. Mr. Hau holds 200,000 ordinary shares in the Company.
Past (for the last 5 years)
Go Game Pte Ltd
AGV Group Limited
Bioton S.A.
Scigen Pte Ltd
Scigen (Australia) Pty Ltd
Evive Biotechnology Singapore Pte Ltd
Present
Imperium Crown Limited
YSQ International Pte. Ltd.