Change - Announcement of Cessation::Cessation of Independent Director - Chan Cher Boon

Issuer & Securities

Issuer/ Manager
ABUNDANCE INTERNATIONAL LIMITED
Securities
ABUNDANCE INTERNATIONAL LTD - SG1I02877971 - 541
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
23-Jan-2024 17:48:04
Status
New
Announcement Sub Title
Cessation of Independent Director - Chan Cher Boon
Announcement Reference
SG240123OTHRQHPB
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This document has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST 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 Mr Ng Joo Khin, Tel: 6389 3000, Email: jookhin.ng@morganlewis.com.

Additional Details

Name Of Person
Chan Cher Boon
Age
77
Is effective date of cessation known?
Yes
If yes, please provide the date
01/02/2024
Detailed Reason (s) for cessation
To comply with Rule 406(3)(d)(iv) of the SGX Listing Manual (9 year independence rule) and to facilitate the renewal of Independent Directors on the Board, Mr Chan Cher Boon will be stepping down as Lead Independent Director of the Company with effect from 1 February 2024, and he will concurrently relinquish his position as Chairman of the Nominating Committee and member of the Audit Committee and 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
06/12/2007
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director
Chairman of the Nominating Committee
Member of the Audit Committee
Member of the Remuneration Committee

Role and responsibilities
Roles and responsibilities of a Lead Independent Director, Chairman of the Nominating Committee, Member of the Audit Committee and the Remuneration Committee
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
Past (for the last 5 years)
Nil
Present
CCB Management Services Pte. Ltd.