Change - Announcement of Cessation::RETIREMENT OF INDEPENDENT DIRECTOR OF THE COMPANY

Issuer & Securities

Issuer/ Manager
ANCHUN INTERNATIONAL HOLDINGS LTD.
Securities
ANCHUN INTERNATIONAL HLDGS LTD - SG1CI5000000 - BTX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Apr-2024 21:23:01
Status
New
Announcement Sub Title
RETIREMENT OF INDEPENDENT DIRECTOR OF THE COMPANY
Announcement Reference
SG240409OTHR6F10
Submitted By (Co./ Ind. Name)
ZHENG, ZHIZHONG
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
RETIREMENT OF MR. LEE GEE AIK AS INDEPENDENT DIRECTOR OF THE COMPANY

Additional Details

Name Of Person
Lee Gee Aik
Age
66
Is effective date of cessation known?
Yes
If yes, please provide the date
25/04/2024
Detailed Reason (s) for cessation
Having served on the Board of Directors ("Board") for more than nine (9) years and pursuant to Rule 210(5)(d)(iv) of the Listing Manual of Singapore Exchange Securities Trading Limited, Mr. Lee Gee Aik has decided not to seek for re-election as Director of the Company pursuant to Article 89 of the Constitution of the Company and accordingly, he shall retire as Director upon the conclusion of the Annual General Meeting to be held on 25 April 2024 ("AGM 2024") to facilitate and support the Board renewal.

Following his retirement, Mr. Lee Gee Aik will relinquish his position as Chairman of Audit Committee and member of Nominating Committee accordingly.

The Board would like to extend their appreciation to Mr. Lee Gee Aik for his invaluable contribution to the Company during his tenure of service.
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
09/09/2010
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
5
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
(a) Lead Independent Director
(b) Chairman of Audit Committee
(c) Member Nominating Committee
Role and responsibilities
(a) Lead Independent Director
(b) Chairman of Audit Committee
(c) Member Nominating 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)
None
Present
(a) SHS Holdings Ltd.
(b) Uni-Asia Group Limited
(c) Astaka Holdings Limited
(d) Alpharock Family Office Pte Ltd
(e) Alpharock Signet Fund VCC
(f) CH Offshore Ltd