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

Issuer & Securities

Issuer/ Manager
PROCURRI CORPORATION LIMITED
Securities
PROCURRI CORPORATION LIMITED - SG1DA4000006 - BVQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Apr-2024 17:43:34
Status
New
Announcement Sub Title
Cessation of Non-Independent Non-Executive Director
Announcement Reference
SG240416OTHR9HHO
Submitted By (Co./ Ind. Name)
Mathew George Jordan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors wishes to announce the resignation of Mr. Lwi Tong Boon as Non-Independent Non-Executive Director of the Company with effect from 16 April 2024.

Additional Details

Name Of Person
Lwi Tong Boon
Age
55
Is effective date of cessation known?
Yes
If yes, please provide the date
16/04/2024
Detailed Reason (s) for cessation
Mr. Lwi Tong Boon ( "Mr. Lwi" ) has relinquished his position as a Director to enhance the number of independent directors on the Board. Following Mr. Lwi's cessation as a Director, he will also cease to be a member of the Audit Committee and the Remuneration Committee.
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
15/06/2022
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director, Member of Audit and Remuneration Committees
Role and responsibilities
Non-Independent Non-Executive Director
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
300,000 ordinary shares in Procurri Corporation Limited
Past (for the last 5 years)
DHOST GLOBAL INC INCLUDING DHOST GLOBAL INC (SINGAPORE BRANCH)
Present
ASCENT SOLUTIONS PTE LTD
ACCITIUS SERVICES PTE LTD
SMMZ PTE LTD
MACH STEVENS PTE LTD
EIF GENERAL PARTNER PTE. LTD.
EXEO INNOVATION FUND MANAGEMENT PTE. LTD.
EIF INVESTMENT HOLDING PTE. LTD.
EXEO GLOBAL VENTURES PTE. LTD.
DHOST PHILIPPINES, INC
DHOST PTE LTD