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

Issuer & Securities

Issuer/ Manager
HEALTHBANK HOLDINGS LIMITED
Securities
HEALTHBANK HOLDINGS LIMITED - SG1AA4000002 - 40B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Apr-2023 21:53:31
Status
New
Announcement Sub Title
Resignation of Non-Independent Non-Executive Director
Announcement Reference
SG230406OTHRMWCM
Submitted By (Co./ Ind. Name)
Peng Fei
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Non-Independent Non-Executive Director

The Sponsor has obtained Mr Chai's written confirmation on the contents of this announcement. Mr Chai has also confirmed in writing that he has no other relevant information to provide in relation to his resignation.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by Singapore Exchange Securities Trading Limited (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 contact person for the Sponsor is Ms Lee Khai Yinn (Tel: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Name Of Person
Chai Ming Hui
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
06/04/2023
Detailed Reason (s) for cessation
To focus on other potential work commitments which will require him to be overseas most of the time and prevent him from committing sufficient time and attention to the affairs of the Company.

Mr Chai tendered his resignation on 4 April 2023. The Company has considered the request by Mr Chai that the resignation be effective immediately and mutually agreed for his effective cessation date to be 6 April 2023.

Following the aforementioned cessation, Mr Chai will also relinquish his position as a member of the Audit, Remuneration and Nominating Committees 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?
Yes
If Yes, Please provide full details
The Company will endeavor to fill the vacancy in the Board Committees within 2 months, and in any case, no later than 3 months, to comply with Rule 704(7) of the Catalist Rules.
Date of Appointment to current position
14/02/2023
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)
1
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, and a member of each of the Nominating Committee, Remuneration Committee, and Audit Committee of the Company
Role and responsibilities
Non-Independent Non-Executive Director, and a member of each of the Nominating Committee, Remuneration Committee, and Audit Committee of the Company
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
Past (for the last 5 years)
Nil
Present
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