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

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
27-Oct-2021 19:10:17
Status
New
Announcement Sub Title
Resignation of Independent Non-Executive Director
Announcement Reference
SG211027OTHRIK27
Submitted By (Co./ Ind. Name)
Kong Wei Fung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Resignation of Haytham T KH S Al Essa as Independent Non-Executive Director who is Chairman of Nominating Committee and Member of Audit and Remuneration Committees

Additional Details

Name Of Person
Haytham T KH S Al Essa
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
31/10/2021
Detailed Reason (s) for cessation
Haytham T KH S Al Essa ("Mr Haytham Al Essa") has tendered his resignation as Independent Non-Executive Director of the Company on 27 October 2021 for personal reasons.

Following his resignation, he will cease to be Chairman of Nominating Committee and Member of Audit and Remuneration 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?
No
Date of Appointment to current position
18/01/2021
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
9
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Nominating Committee and Member of Audit and Remuneration Committees
Role and responsibilities
Roles and responsibilities as Independent Non-Executive Director, Chairman of Nominating Committee and Member of Audit and Remuneration Committees
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?
Yes
Shareholding Details
Direct: 1,000,000 ordinary shares (representing 0.13% shareholding interest) in Fu Yu Corporation Limited
Past (for the last 5 years)
Directorships and Other Principal Commitments:
Gunvor Singapore - Distillates Trading Manager
Gunvor Middle East - Managing Director
Fu Yu Ventures Pte. Ltd. - Director
Present
Directorships and Other Principal Commitments:
Long Gamma Pte. Ltd. - Director