Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
22-Jul-2024 17:34:54
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240722OTHRI9ZT
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Loo Cheng Guan as Independent Director, the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee of the Company.

Additional Details

Name Of Person
Loo Cheng Guan
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
22/07/2024
Detailed Reason (s) for cessation
Having served on the Board for 9 years since his appointment on 24 July 2015, Mr Loo Cheng Guan retired as Independent Director on the Board.

Accordingly, Mr Loo also relinquished his roles as the Chairman of the Remuneration Committee ("RC") and a member of the Audit Committee ("AC") and Nominating Committee ("NC") of the Company.
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
24/07/2015
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.)
Independent Director, Chairman of the RC, member of the AC and member of the NC
Role and responsibilities
Role and responsibilities of an Independent Director, Chairman of the RC, member of the AC and member of the 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
Other Directorships
Past (for the last 5 years)
(1) Datapulse Technology Ltd

(2) Mirach Energy Limited (delisted from SGX-ST on 30 September 2021)
Present
(1) Amalgam Capital Partners Pte Ltd

(2) Brash Asia Pte Ltd

(3) Castle Reach Asset Management Pte Ltd

(4) China First Capital Group Limited

(5) Cosmesteel Holdings Limited

(6) King Tower Asset Management (Singapore ) Pte Ltd

(7) Vermilion Gate Pte Ltd