Change - Announcement of Cessation::Retirement of Independent Director who is an Audit Committee Member
Issuer & Securities
KLW HOLDINGS LIMITED
KLW HOLDINGS LTD - SG1G23864448 - 504
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Retirement of Independent Director who is an Audit Committee Member
Submitted By (Co./ Ind. Name)
KLW Holdings Limited
Board of Directors
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Wong Joo Wan as Independent Director, Chairman of Nominating Committee and a member of the Audit and Remuneration Committees.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, R & T Corporate Services Pte. Ltd. ("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 including the accuracy or completeness of any of the figures used, statements, opinions or other information made or disclosed.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Mr Howard Cheam Heng Haw (Telephone: +65 6232 0685) at R & T Corporate Services Pte. Ltd., 9 Battery Road, #25-01, Singapore 049910.
Name Of Person
Wong Joo Wan
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Wong Joo Wan has decided to retire and not seek for re-election in the Annual General Meeting held on 28 July 2017 to pursue personal commitments. Based on the Sponsor's enquiries of Mr Wong Joo Wan, no other reason for cessation had been provided by him, other than as disclosed above.
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?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of Nominating Committee and a member of the Audit and Remuneration Committees.
Role and responsibilities
Independent Director, Chairman of Nominating Committee and a member of the Audit and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Past (for the last 5 years)
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Alternative Advisors Investments Pte Ltd
Ecowise Holdings Limited
Tay Swee Sze Advisors Pte Ltd