Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
GS HOLDINGS LIMITED
Securities
GS HOLDINGS LIMITED - SG1CF0000001 - 43A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
12-Apr-2024 23:08:15
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG240412OTHRK2BG
Submitted By (Co./ Ind. Name)
Lim Kee Way Irwin
Designation
Lead Independent Director and Acting Chairman
Description (Please provide a detailed description of the event in the box below)
Retirement of Independent Director

This announcement has been prepared by GS Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Jerry Chua, at 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906, Telephone (65) 6241 6626.

Additional Details

Name Of Person
Lim Chee San
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2024
Detailed Reason (s) for cessation
Mr Lim Chee San ("Mr Lim") will not be seeking re-election and will retire as an Independent Director of the Company at the close of the Annual General Meeting on 30 April 2024 to focus on his personal and /or other principal work commitments. Mr Lim will step down from his position as an Independent Director of the Company, Chairman of the Nominating Committee, and member of the Audit and Risk Committee and Remuneration Committee.

In view of Mr Lim's retirement, the position of Chairman of the Nominating Committee will become vacant until the appointment of a new Nominating Committee chairman by the Board as soon as practicable.

After having interviewed, Mr Lim and to the best of its knowledge, the Sponsor is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr Lim.
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
17/10/2022
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)
2
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.)
Independent Director, Chairman of the Nominating Committee, and member of the Audit and Risk Committee and Remuneration Committee.
Role and responsibilities
As above
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)
1. Hupsteel Limited
2. Soon Lian Holdings Limited
3. Allied Technologies Limited
4. Colex Holdings Limited
Present
1. Singapore Kitchen Equipment Limited
2. Blackgold Natural Resources Limited
3. Gallant Venture Ltd
4. Chemical Industries (Far East) Limited
5. Panaudit Business Services Pte Ltd
6. Rees Property Consultants Pte Ltd
7. Pan Services Pte Ltd
8. 4ward Pte Ltd