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

Issuer & Securities

Issuer/ Manager
JUBILEE INDUSTRIES HOLDINGS LTD.
Securities
JUBILEE INDUSTRIES HLDGS LTD - SGXE67467741 - NHD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Oct-2022 17:55:49
Status
New
Announcement Sub Title
Retirement of Non-Independent and Non-Executive Director
Announcement Reference
SG221019OTHRUKFY
Submitted By (Co./ Ind. Name)
Dato' Terence Tea Yeok Kian
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Kang Pang Kiang ("Mr Kang") as a Non-Executive and Non-Independent Director of the Company at the forthcoming Annual General Meeting of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor are:-

Name :Mr Jerry Chua (Registered Professional, Evolve Capital Advisory Private Limited)
Address :138 Robinson Road, Oxley Tower, #13-02, Singapore 068906
Tel :(65) 6241 6626

Additional Details

Name Of Person
Kang Pang Kiang
Age
50
Is effective date of cessation known?
Yes
If yes, please provide the date
28/10/2022
Detailed Reason (s) for cessation
Mr Kang will be retiring as a Non-Independent and Non-Executive Director of the Company pursuant to Regulation 89 of the Company's Constitution. Accordingly, he shall retire at the conclusion of the Company's upcoming Annual General Meeting to be held on 28 October 2022 and is not seeking for re-election.

The Company would like to express its gratitude and appreciation towards Mr Kang's valuable contributions to the Board during his tenure.

The Company's Sponsor, Evolve Capital Advisory Private Limited, having interviewed Mr Kang, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr Kang as a Non-Independent and Non-Executive Director 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
22/10/2020
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)
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.)
Non-Executive and Non-Independent Director, a member of the Audit and Remuneration Committee
Role and responsibilities
Non-executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
EG Global Sdn. Bhd.
WE Total Engineering Sdn. Bhd.
Present
Accrelist Ltd.
EG Industries Berhad
Thong Guan Industries Berhad
Genshine Solutions Pte. Ltd.
EG Electronic Sdn. Bhd.
EG Operations Sdn. Bhd.
EG R&D Sdn. Bhd.
Glisten Knight Sdn. Bhd.
KGA Capital Sdn. Bhd.
Mastimber Industries Sdn. Bhd.
QYH Capital Sdn. Bhd.
SMT Technologies Sdn. Bhd.
TM SMT Sdn. Bhd.